YFM in £2m round for Intamac

Existing investors Seraphim Capital and 350 Investment Partners also committed capital to the funding round.

YFM drew down capital from the Chandos Fund – which had previously backed the company – and British Smaller Companies VCTs.

Previous funding
The latest funding round is the fifth completed by Intamac, which has raised £14.5m to date.

According to unquote" data, in 2002 the company raised capital from Catapult Venture Managers in exchange for a minority stake in the business.

In 2006, Katalyst Ventures invested £270,000 alongside London Seed Capital, which provided £100,000 of funding, and London Business Angels EIS Tracker Fund III, which invested £75,000.

In January 2010, Seraphim led a £2m round for Intamac alongside the Chandos Fund, managed by YFM. In July that year, Carbon Trust joined a £4m round for the company, with co-investment provided by Seraphim and YFM's Chandos Fund.

Company
Intamac was founded in 2001 and is based in Northampton. Intamac helps equipment manufacturers and service providers to connect household systems – alarms, CCTV, heating control, locks, fridges, washing machines and ovens – to the internet.

The company's cloud-based software, Enso, is used by blue-chip companies including Scottish Power and Belgacom.

People
Director David Bell led the deal for YFM.

Advisers
Equity (YFM) – Addleshaw Goddard (Legal).
Management – Hewitsons (Legal).

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