24 Jan 2019
Investec raises £100m for Blue Prism
Investec Corporate and Investment Banking (“Investec”) has raised £100m for Blue Prism, one of the UK’s fastest-growing public tech companies.
Blue Prism will use the funds raised to invest in its continued growth. This includes significant investment in sales and marketing, bringing on additional technical experts and researchers to boost research and development; as well as further investment in Blue Prism Digital Exchange, an online marketplace for AI, cognitive and disruptive technologies.
Blue Prism is the market leader in robotic process automation (RPA), active in 67 countries across the Americas, EMEA and APAC. Investec advised on the company’s IPO, which took place in March 2016; since then Blue Prism’s market capitalisation has risen from £48.5m to £827.5m on 24 January 2019.
Investec’s Sebastian Lawrence commented:
"Blue Prism is an incredibly strong British tech story, and we’re proud to have helped the company raise further capital to accelerate its growth. It is a pioneer in its sector, and the additional investment will help Blue Prism continue to thrive in this high-growth market."
Investec acted as financial adviser, nominated adviser, sole broker and sole bookrunner in relation to the placing.
For more information, please contact:
Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709
Luke O’Mahony, Investec (Public Relations) - 020 7597 5261
Investec Corporate and Investment Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.