LBA investment helps Emoquo to close £85k SEIS structured funding round being LBA’s 11TH deal closed in first half of 2012
Early stage Newbury based people skills e-learning specialist, emoquo (www.emoquo.com), has successfully closed an £85k SEIS structured investment which was underpinned by an investment by LBA investors. The company has developed a solution that works on the same principle as Itunes – a collection of learning products that organisations stream via their desktop, mobile devices or TV channels, which address everyday work related people issues i.e. how to have an honest conversation with someone who is underperforming. The company is revenue generating with a number of blue-chip clients already actively using the company’s products. The new funds will be used to scale up the company’s resources and allow it to accelerate growth.
Kevin Ashley, Emoquo Managing Director, comments, “The LBA facilitated access to a large number of diverse investors and we are exceptionally happy with our new shareholders. We would not hesitate to use the LBA again in the future and thank them for their support, advice and assistance during this process"
Anthony Clarke, LBA Managing Director, comments, “ a key challenge for LBA is finding SEIS eligible investment prospects with the potential to scale and deliver high growth. Emoquo is one such company which has the potential to deliver significant returns whilst allowing investors to take advantage of the excellent tax breaks offered by SEIS. I am sure that the LBA investors will also add value and my congratulations to the Emoquo team on their success. This particular deal marks the 11th deal that LBA investors have completed in 2012, taking the total level of investments closed to over £6m. LBA continues to welcome enquiries from innovative and high growth potential investment opportunities”