LK Shields Solicitors LLP acted for Sure Valley Ventures.
Sure Valley Ventures participated in the investment round of MySafeDrive Limited t/a Cameramatics.
The proceeds of the funding round are expected to be used to expand CameraMatics’ sales and marketing teams and to help fund its global expansion and scale in line with the strong levels of growth that the company is experiencing.
CameraMatics has grown steadily since launching in Ireland in 2016 and its customer connections, which include some of the sector’s leading fleet operators, have increased significantly during the year. The company’s solutions are currently operating in tens of thousands of vehicles globally.
CameraMatics has also reported that it has seen over a 160% growth in recurring revenue in the last 12 months and expects opportunities in its current pipeline to further accelerate its growth.
Emmet Scully (Picture), partner and Lester Sosa-Villatoro, senior associate in our corporate department assisted in the transaction.
Law Firms: LK Shields Solicitors LLP;
Clients: Sure Valley Ventures Ltd;