TLT has advised long-standing client Sussex Place Ventures, a London-based venture capital investor, on its further investment in Kimble Applications alongside Accel-KKR, a leading Silicon Valley investment firm.
Kimble Applications is one of the world’s leading professional services automation (PSA) providers. Its PSA software is the first to integrate augmented intelligence, allowing customers to identify patterns in performance data and recommending likely remedies.
The investment will be invaluable in helping Kimble Applications to continue its ambitious growth plans. The capital will further drive Kimble's rapid expansion, including in product development and marketing initiatives in the US and Canada.
The TLT team advising on the deal was led by corporate partner Jon Gill, assisted by corporate associate Bryan Shaw.
Jon Gill, partner at TLT, said: “This was a significant transaction for Kimble, one of the UK's most promising software "scale-ups", as it seeks to accelerate its growth into the US. We were delighted to advise Sussex Place Ventures on its continued investment in this company, having provided support on its original investment and subsequent growth. We look forward to following its progress and wish the team every success in its new partnership with Accel-KKR."
Barnaby Terry, managing partner at Sussex Place Ventures, added: “TLT supported us throughout this transaction and we continue to be very satisfied with the team's advice and responsiveness. Kimble is a high-performing business with a great future ahead of it, and we are confident of its continued success.”