Advisor to company
We advised London based InsureTech consultancy r10 Limited on a £1.7m debt fund-raise from alternative growth lender Boost Capital. r10 is the leading business change and IT consultancy practice operating within the Lloyd’s and London insurance markets. The funds will be used to make a number of strategic investments into complimentary SaaS businesses that will enable them to drive additional revenues and build the r10 offering to their existing client base of global insurers.
Ashcroft ran a full funding process, engaging with various lenders to seek the best and most suitable deal for r10. We also advised on deal structure for the investments and overall strategy, as well as managing the FDD process for the funding and providing financial modelling expertise.