Edwin Coe is delighted to announce that for the second time this year it advised cybersecurity company BrandShield Systems plc on a fundraising. The transaction raised gross proceeds of £1.75m on a subscription of 27,606,385 shares, at an issue price of 6 pence per share. BrandShield plans to use the proceeds of the transaction on projects to increase market share. The company has seen strong cross sector demand for its platform including financial, pharma & healthcare, consumer products and media & entertainment.
Edwin Coe’s team was led by Corporate Partner, Daniel Bellau, along with Katie Braddell. Daniel commented “We are pleased to have the opportunity to work with Brandshield again, and delighted that the success of the transaction will allow them to move forward with their growth plans.”
BrandShield is a UK and Israeli based provider of cybersecurity solutions that protect some of the world’s largest brands. By utilising artificial intelligence and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse and counterfeiting.
BrandShield’s announcement is available here: BrandShield Systems – Fundraise of £1.75 million and BrandShield Systems – Result of the Placing and Subscription.
About Edwin Coe
Edwin Coe LLP is a full service law firm based in the heart of London’s historic legal district in Lincoln’s Inn. Founded in 1913, we have grown from our litigation origins to become a thriving and dynamic practice, providing a comprehensive range of legal services to meet the needs of a wide variety of businesses, individuals and organisations based throughout the UK and internationally.
With 44 Partners, we are ranked 115 in the 2021 edition of The Lawyer ‘UK 200’ law firms and are recommended in all the major legal directories. We provide clients with innovative, tailored and integrated legal services and combine a highly personal and responsive service with industry leading expertise.