Mobeus invests £3.3m in investor news service Proactive

The fresh capital will be used to launch the service in the US, and the company will open an office in New York later this month.

The new funds will also be used to expand existing international operations and further roll out the recently launched investor tools and sell-side research offer to customers in the UK.

Mobeus has introduced non-executive chair Colin Garret to the company. He currently sits on the boards of Impero, Centiq and Solid Solutions. Amit Hindocha, who led the deal for Mobeus will also join the board.

This transaction represents Mobeus's fifth investment in online businesses and its eighth VCT deal in the last 18 months. It is also the GP's second announcement of 2018 after it reported a 2x money multiple and 20% IRR on the sale of Gro Group at the start of January.

Company
Proactive Investor was founded in 2007 by Ian Mclelland and Craig Ribton. It started out as an investor blog and is now a multimedia news service, events organiser and research company. The company's platforms include www.proactiveinvestors.co.uk and www.stocktube.com. It also offers website development for listed companies.

People
Mobeus Equity Partners – Amit Hindocha (investment director).
Proactive Investor – Ian Mclelland, Craig Ribton (founders).

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