Consilium provides FDD to Smedvig Capital for €6m investment in EdgeTier
Consilium Chartered Accountants have supported Smedvig Capital in the successful completion of a €6 million investment round into EdgeTier, a Dublin-based company specialising in Artificial Intelligence-powered analytics. The Consilium team was led by David Holt and Colin McCrann, who provided financial due diligence (FDD) services to Smedvig in respect of their investment in the Irish firm.
In an investment round led by Smedvig alongside Episode 1 and Act Venture Capital, the capital investment will support EdgeTier’s growth programme and meet demand for its cutting-edge AI applications for customer contact centres. Trusted by brands such as Abercrombie & Fitch, and RyanAir, EdgeTier is poised to capture a significant portion of an estimated €7 billion global market for contact centre software.
A growing relationship between Consilium and Smedvig
Consilium was retained by Joe Knowles and Maeve Crowley of Smedvig on this investment round, continuing a growing 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).
Supporting investment in ground-breaking AI technology
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.”
Consilium Chartered Accountants is a firm of independent accountants and business advisors providing Corporate Finance services to business owners, entrepreneurs and investors. Consilium also provides a comprehensive range of Audit, Accounting, Cloud Accounting, Tax and Payroll services. For more information visit consiliumca.com