GP Bullhound, the technology investment bank, has acted as the exclusive financial advisor to we7 Ltd on its expansion financing with Qualcomm Ventures and Pentech Ventures alongside existing shareholders Eden Ventures and Peter Gabriel.
we7 is the number one destination site in the UK for online music streaming and internet radio services. The company offers ad-funded music streaming on the web and premium access on iPhone and Android mobile devices. At the core of the we7 music experience is a cloud based technology platform developed by an engineering team in Oxford, UK.
Steven Purdham, CEO, commented: “Our business is now well capitalised to expand our Personal Radio business model throughout Europe. We really appreciated the dedication of the GP Bullhound team and their contacts with both the financial and strategic community in the music industry.”
we7 represents GP Bullhound’s eighth transaction since January 2011 alongside MyFC, Skyline Solar, 4Energy, Neonode, CLX Networks, King.com and Sunglasses Shop.
About GP Bullhound
GP Bullhound is a leading investment banking firm providing advice on mergers & acquisitions and institutional capital-raising to emerging growth companies in the Technology sector. The firm was established in 1999 and has a proven track record with over 100 completed M&A and Private Placement transactions on behalf of Europe's leading entrepreneurs and business builders. The firm’s international team, comprised of some of the most experienced technology advisory professionals, together with our dedicated approach has helped us establish a leading global position. We have strong domain expertise in the areas of Internet and Digital Media, Software and Services, CleanTech and Hardware, where we focus on providing pre-eminent advisory services to some of the best entrepreneurs, management teams and investors around the globe