Law firm champions technology entrepreneurs
28th March, 2012
A CHESTER law firm that advised on a recent investment in a pioneering software business is celebrating the north’s finest technology entrepreneurs.
Aaron & Partners played a key role in a deal that saw Liverpool-based ScraperWiki receive financial backing from The North West Fund for Venture Capital. ScraperWiki has developed an internet platform that enables users to develop and run software to collect data from around the web. It is currently being rolled out across the US.
The investment, part of the £185m North West Fund, provided by the European Regional Development Fund and the European Investment Bank, has allowed ScraperWiki to scale up software development activities and increase sales and marketing. Aaron & Partners advised fund manager EV on the deal. It comes after the firm was last year appointed to the legal panel of the business investment fund, which provides debt and equity funding to small and medium-sized enterprises (SMEs) across the region.
Meanwhile, Aaron & Partners is further strengthening its ties with the North West’s burgeoning technology and IT business sector by supporting the second annual Northern Tech Awards in Manchester on March 29. The awards ceremony, organised by Manchester-based Techcelerate, will recognise the north of England’s top technology entrepreneurs.
Aaron & Partners, which acts as legal advisor to Techcelerate, is sponsoring the ‘Best Venture Backed Tech Startup’ category. Last year’s winner in that category was App55, the fledgling online payments business based in Salford Quays. Stuart Scott-Goldstone, Head of the Corporate Commercial team at Aaron & Partners, said: “Through our association with EV and The North West Fund, we have considerable experience in completing investments in rapidly-growing technology companies. “Supporting the Northern Tech Awards represents a natural progression for us, and we are hoping for some strong submissions in our category. “Launching and growing a successful technology business requires courage, dedication and skill. “We are pleased to be celebrating the achievements of the north’s leading tech entrepreneurs.”
Adam Kerr, the firm’s Head of Intellectual Property, added: “Aaron & Partners is building a strong reputation amongst the region’s tech and IT businesses. “Many firms in the sector are growing despite the ongoing economic gloom, and are finding that they require access to legal expertise as they expand.”
Aaron & Partners, Cheshire’s largest commercial law firm, employs 100 people in total. Total fee income for the year ending 30 April 2011 was the firm’s highest ever at £5.75m – a 5.1 per cent increase on the previous year.
If you are looking for advice on funding please email Stuart Scott-Goldstone or call him on 01244 405552.
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