Livingbridge invests in Visualsoft

The firm invested through its Enterprise 3 fund, which closed on £334m in October 2019. The fund invests in SMEs primarily based in the UK, with enterprise values of up to £50m. The fund invested in cloud security service TitanHQ in June 2020.

The company's growth has been accelerated by the pandemic as retailers have sought to expand their online presence, according to a statement.

Company
Founded in 1998 by CEO Dean Benson and headquartered in Teesside with offices in Newcastle, Manchester and Dubai, Visualsoft provides SMEs with an e-commerce proposition, including initial site development and ongoing support, alongside digital marketing services. It employs 280 staff and generated £18.5m in revenues for the year ending on 30 June 2020, up from £14.9m the previous year.

People
Livingbridge – Mark Advani (partner).
Visualsoft – Dean Benson (CEO).

Advisers
Equity – PwC (financial due diligence); Eversheds (legal).
Vendor – KPMG (corporate finance); Endeavour Partnership (legal); Deloitte (financial due diligence).

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