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TECH NATION PARTNERSHIP ENTERS SECOND YEAR -SUPPORTING FAST GROWING BUSINESSES

We’re entering in to our second year of partnership with Tech Nation – a platform that fuels the growth of game-changing founders on the UK tech scene.

Our Tech & High Growth team will be working closely with Tech Nation to provide support to three programmes – Fintech, Applied AI and Upscale.

121 fast growing business have been accepted into this year’s cohorts with £463m in venture capital raised collectively. The programmes support tech companies who are pushing the boundaries of innovation to overcome common challenges and scale faster, thereby fuelling the UK’s economy and working towards a brighter future.

Our Tech & High Growth team has an established reputation in supporting companies on a high growth trajectory so the decision to continue and expand the partnership was an easy one.

As Steve Leith, our Head of Tech & High Growth says;

“We know fast growing companies need advisers who are experienced in dealing with the varying challenges of rapid growth and fundraising. This is when risks and opportunities present themselves during diligence and we ensure our clients are ready for what’s coming.

“The growing companies in these cohorts are typically reaching that inflexion point, where professionalising their finance function is coming into focus, and solving finance-related challenges is becoming critical to their next phase of growth.

“Often, it’s at this point in the scaling journey that founders and CFOs consider working with an accounting firm with the right experience and fee levels to support the next stage. We are that firm in this space.”

We’re really looking forward to supporting the Fintech and Applied AI programmes alongside our existing work with the Upscale programme. The new programmes kick off as the fintech sector soars in the UK – Q1 of 2022 set an all-time record for venture capitalist investment in the UK, $5.5bn in total.

HOW DO OUR TECH & HIGH GROWTH SPECIALISTS SUPPORT SCALE-UPS?

Despite being consistent in their growth stage, the three cohorts won’t all be facing the same challenges. So, understanding strategy and trajectory comes first, then, we’ll be able to flush out which finance-related challenges they should (and shouldn’t) be worrying about.

That could include:

1) Getting Diligence Ready – unique insights from our role in many venture deals acting for both founders and VCs

2) Transitioning from legacy start-up accounting firm to a new advisor who can cover audit and complex tax-related matters faced by rapid growth, giving speed of advice but also foreseeing future issues before they happen;

3) Improving their R&D claims process to drive cost and time savings, and to better protect against increasing risk of inaccurate claims;

4) Supporting their fundraising activity at Series A or B with our specialist Raising Finance team; or

5) Dealing with international expansion challenges – finding solutions to issues like market entry, transfer pricing and IP considerations, employing people across borders, permanent establishment issues, cross border VAT and sales-taxes, and share option planning.

If you’re interested in finding out more about our work with Tech Nation or joining future programmes get in touch.

WANT TO CHAT ABOUT ANY OF THE ABOVE?

Steve Leith, Partner, Head of Tech & High Growth

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