Fox Williams advised Adsum Technologies Ltd on its multi-million-pound fundraising from investors including venture capital firms Digital Horizon and Episode 1.
The deal which included corporate, employment and tax aspects was led by partner Paul Taylor and included partner and head of tax and incentives Emma Bailey, tax director Joanne Varia, legal director Tom Pennington-Hare, associates Stephanie Tsang, Anjali Aravindhan and Jessica Ambrose, and trainee Fawad Rashid.
Adsum is a corporate tax refund specialist whose technology auto-calculates VAT, R&D and Creative Industries tax credits and refunds, from which a credit line is provided. Adsum programmatically calculates and advances (and is repaid by) their users’ their tax credits and refunds.
Paul Taylor says: “We were especially pleased to use our significant experience of raising funds for start-ups in the technology sector to help secure excellent terms for Adsum which will play a significant role in their future success.”
Justina Tartilaite, CEO of Adsum says: “We are extremely grateful for Fox Williams’ expert guidance. Their expertise in representing fintech companies was vital for us and meant the deal ran extremely smoothly.”