Fox Williams acted for Velocity Mobile in its recent fundraising of £7.6m from an international group of investors.
Velocity is an app for restaurant & nightclub booking that solves major problems for both consumers and venues alike. It is aiming to become the market leader of the restaurant operating systems market, with a scalable platform positioning it for significant growth, similar to Uber in the taxi space and Airbnb in travel accommodation.
Nigel Miller, Partner at Fox Williams, commented: “We were first instructed by Velocity little more than six months ago, and it’s great to see them raise such an impressive sum. We look forward to working with them in the future as their business grows.”
Paul Taylor and Nigel Miller led the transaction and were assisted by corporate associate Elliot Cowan.
Alex MacDonald, Co-CEO said: “’We are delighted to have completed this fundraise to accelerate our international expansion. Fox Williams’ team worked diligently and quickly to help us close the funding on great terms for the company. We have been working with them since an early stage, and they have been a flexible and reliable partner as we have grown. We look forward to working with them on future transactions.’
Velocity Mobile were also advised by Chrystal Capital Partners LLP, a corporate finance boutique based in London.