Consilium Chartered Accountants, a member of The Corporate Finance Network, have supported Smedvig Capital in the successful completion of a €6 million investment round into EdgeTier, an innovative Irish company specialising in AI-powered analytics. Consillium’s David Holt and Colin McCrann provided financial due diligence (FDD) services to Smedvig in respect of their investment.
This investment round was led by Smedvig alongside Episode 1 and Act Venture Capital. The round will provide capital to support EdgeTier’s growth plans and help them meet the demand for its cutting-edge AI applications for customer contact centres. Trusted by brands such as LoveHolidays and Abercrombie & Fitch, EdgeTier is poised to capture a significant portion of an estimated €7 billion global market.
Consilium worked alongside Joe Knowles and Maeve Crowley of Smedvig on this investment round, continuing a positive relationship between the two businesses. The Glasgow-based firm of chartered accountants has supported Smedvig with investments in other tech-based businesses such as Adzuna (jobs search engine), Yumpingo (restaurant intelligence platforms), and Prosapient (research platform).
Consilium Corporate Finance partner David Holt said: “We are thrilled to have supported Smedvig Capital in this investment round. EdgeTier’s AI-powered analytics solutions are truly ground-breaking, and we are confident that this investment will enable them to capitalise on the immense opportunities in the global market.”
“As always, it was a pleasure to work with Joe and Maeve on this project. Smedvig has a track record of successful investments in pioneering businesses, and we are proud to be part of their journey.”
Financial due diligence services are just one aspect of a suite of lead advisory services Consilium provide to businesses and investors. For more information about Consilium’s Corporate Finance services visit our website here.
