Law firm Temple Bright has advised data-mining business eRevalue on a round of Series B equity fundraising, which will enable eRevalue to implement an ambitious growth strategy out of its London and New York offices.
It is the latest in a series of high-profile tech-related deals handed by Temple Bright from its London office in the heart of the technology district around Old Street. Launched in Bristol in 2010, the firm opened for business in London early in 2013 and now has 15 partners in the capital, to complement its 16 partners based in Bristol.
eRevalue is at the forefront of developments in big data, which have attracted the attention of investors and media in the capital’s technology sector. The firm operates Datamaran, a strategic business intelligence software that delivers smart data on regulatory and reputational risks and opportunities, and tracks how competitors respond. Datamaran provides an internal management process that empowers companies to make smart decisions based on real-time information and alerts.
Launched earlier this year by four co-founders with a background in data, corporate social responsibility and finance, the company’s focus is on environmental, social and corporate governance (ESG) issues. UN special advisor on sustainability and climate change Helle Bank Jørgensen was recently appointed as chairman as part of the company’s vision “to empower companies through technology, to make big data digestible and to distill essential knowledge”.
eRevalue’s chief executive officer Marjella Alma said: “We are delighted to have achieved this important milestone, which enables us to move forward in our ambitious plans for growth whilst contributing to the global agenda for resilient markets and viable businesses. Big data has the potential to transform our culture positively and we are committed to realising this potential so as to facilitate more efficient and positively effective business strategies in today’s corporate world.”
eRevalue is now collaborating with a carefully selected group of companies to test drive Datamaran before its restricted release next Spring 2015. A diverse group of thought leaders from more than 10 countries worldwide, eRevalue’s ‘Piloteers’ represent large market cap companies from involved in financial services, oil and gas, steel, technology equipment and hardware, electric utilities and other sectors.
eRevalue’s chief operating officer Jean-Philippe Lecourt said: “The team at Temple Bright have been there for us every step of the way and we’re delighted with their support and advice. The firm’s expertise and deep roots in the tech sector, combined with a streamlined model which ensures that we always receive advice directly from the partner we know, has been invaluable in getting this deal over the line.”
Temple Bright co-founder Tim Summers, pictured below right, said: “We are proud of our association with eRevalue and feel that we’re a natural choice for a company that is innovating and scaling so quickly. eRevalue has big ambitions and has needed far-sighted advice from experienced people from day one.”
Temple Bright co-founder Justyn McIhinney, pictured below left, added: “This deal has been another opportunity for us to demonstrate our capability, and the value of our partner-only model, for advising companies on the global cutting edge in the tech sector. After just 18 months, our London office is on the same scale as our Bristol operation and we are working with clients who are game-changers. The two offices together provide a strong base from which to advise innovative, high growth businesses across the UK.”
