Corporate Finance team acts for Machine Labs in £800k funding round
Shepherd and Wedderburn’s corporate team acted for Machine Labs in an £800,000 equity funding round.
Machine Labs, which is developing a suite of machine learning products to optimise database marketing and advertising activities, plans to recruit eight new staff in Edinburgh and expand internationally.
The equity seed funding round was led by the Scottish early stage seed capital investor Techstart Ventures, with backing from Machine Labs’ founders and angel investors and additional grant funding from Scottish Enterprise.
Stephen Trombala, Shepherd and Wedderburn’s Head of Corporate, said: “We are delighted to have advised Machine Labs, a fast-growing Scottish tech company attracting significant investor interest, in this latest funding round as it sets its sights on global expansion, guided by a highly experienced management team and investors who have a track record in building tech companies of scale.
“We wish Machine Labs every success going forward.”