Legal Clarity Helps Small Business Secure £1M Investment
Legal Clarity, helped innovators Ed Gallois and Kevin Homeyard raise £1m investment capital from angel investors to expand www.funeralzone.co.uk. Launched by the pair in 2013 as an online resource to help the bereaved, it is already the biggest website of its kind in the UK and is growing rapidly overseas.
James Quinn and David Jenkins of Legal Clarity helped Funeral Zone secure its £1 million funding from a number of angel investors, including The Minerva Business Angels, based at the University of Warwick. The investment will support Funeral Zone’s aim to become an internationally recognised platform, helping the bereaved around the world. Based in Exeter, Devon, it is already gaining traction in Australia and South Africa.
Angel investors typically invest in start-up companies run by entrepreneurs seeking funds to continue growing their business. As well as providing working capital in return for a stake in the business, angels often share their expertise with the companies they invest in.
Legal Clarity’s James Quinn, said:
“Funeral Zone has achieved great things already, so it was a privilege to work with them to secure the investment support to pursue their international growth strategy.
As a boutique firm, we specialise in advising owner-managers who oversee all aspects of their business. We understand that they need to work with advisors who can be as intuitive and flexible as they are.”
Funeral Zone chief executive Ed Gallois said:
“We are delighted by the outcome of this fund-raising round and really appreciate the work Legal Clarity put in to make it happen. The team was not only approachable, but as keen as we were to succeed. For us as a start-up business, the fixed legal fees were very helpful - giving us that extra headway for growth. With the £1m secured, we are already moving ahead to grow the business.”
Legal Clarity’s team of solicitors provide fixed-cost corporate and commercial services to small and medium-sized businesses like Funeral Zone. The firm guides clients through the maze of red tape involved in running and growing their business, including raising funds from investors.