Gresham House invests in Rainbird

Financial details of the transaction remain undisclosed, though Gresham House writes equity cheques of up to £5m.

The funding round will be used to support "continued commercialisation" of the company's platform, according to a statement, though Rainbird is also currently exploring expansion into the US market.

Company
Founded in 2013, Norwich-headquartered Rainbird develops enterprise software that automates elements of data analytics to gauge potential outcomes of business decisions and enables clients to explore results through a chatbot, app or web assistant. Its platform is used by clients in the financial services, legal, professional services, insurance and healthcare sectors. Rainbird has additional operations in London.

People
Gresham House Ventures – Brendan Gulston (investment director).
Rainbird – James Duez (executive chairperson); Ben Taylor (CEO); James Loft (chief operations officer).

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