Riverside invests in LeftShift

Financial details of the transaction remain undisclosed, though the GP made the investment via its acceleration capital division, which provides equity cheques of $500,000-4m to enterprise software companies. The division targets returns of 1.5-2x with holding periods of up to five years.

The funding package will enable LeftShift to further develop its test data management product Orson.

Company
Founded in 2013, London-headquartered LeftShift provides delivery automation products, which automate a series of human actions in the IT process with the goal of deploying software over a shorter timeline. Its clients include Barclays, Etihad and Coca-Cola.

People
The Riverside Company – Jonathan Drillings (principal).
LeftShift – Mark Smith (co-CEO).

Advisers
Company – Drake Star Partners, Kasper Kruse Petersen, James Turino (corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Riverside