CloudCall secures £12m via a share placement on the LSE:AIM
Canaccord Genuity acted as nomad, sole broker and bookrunner for the share placement.
CloudCall is a computer telephony integration provider headquartered in Leicester. The business supplies communications software to support business operations.
CloudCall has secured £12m through a share placing on the LSE:AIM to support customer-led growth opportunities and strengthen its balance sheet. Canaccord Genuity acted as the nomad, sole broker and bookrunner for the conditional placing.
The AIM-listed firm issued 12 million ordinary shares at 100p each. Alongside the placing, the company launched an open offer to raise up to £500k from existing shareholders.
The business also reported interim results showing revenue rose to £5.2m for the six months to 30 June 2019, while pre-tax losses narrowed slightly to £1.8m.
Use of funds
- 01Accelerate go-to-market
- 02Scale operations