Gresham House invests in Rezatec

The firm invests from its Baronsmead Centre Trust and Second Venture Trust.

Gresham's investment is intended to grow Rezatec and continue its international expansion. In particular, the company plans to build sales capabilities in markets in North America and southern Asia, and to extend product development capacity in the UK.

Previous funding
In 2016, Run Capital, Newable Private Investing and Harvard Business School Alumni Angels of Greater NY invested $1.4m in Rezatec.

In 2018, Rezatec received £2m in equity financing from Caphaven Partners, Newable Private through its Scale Up Fund 1, and existing investor Run Capital. Later that year, it received debt financing from Harbert European Growth Capital

Company
Based in Didcot, the company applies its machine learning algorithms to a range of earth observation data, such as satellite imagery, and soil, weather and topographic data, to generate analytical products. The company was founded in 2012.

People
Gresham House – Thomas Makey (associate director).
Rezatec – Patrick Newton (CEO).

Advisers
Equity – HMT (financial due diligence); Fairgrove Partners (commercial due diligence).
Company – N+1 Singer (corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Gresham Private Equity