Forward-thinking London law firm, Joelson, has recently completed a round of Series A funding for one of the UK’s most innovative tech companies.
SAM Labs has raised more than £5.1 million from Touchstone Innovations Businesses LLP and E15 Ventures with help from the Joelson’s Corporate and Commercial team.
Completed on 31 October 2017, the Series A round will be used to develop SAM Labs range of products, which include the companies well-known tech-enabled construction kits that are designed to teach children about coding and creating to strengthen their science, technology, engineering and maths (STEM) skills.
Its kits are already present in a number of schools around the world and the team behind it have previously had the backing of Microsoft, Intel and the London Science Museum.
Joelson worked alongside the management team at SAM Labs during the recent fundraising providing advice on a wide range of legal matters.
Entrepreneur Joachim Horn, CEO of SAM Labs, said: “Joelson puts the client first. They are fantastically supportive and provided excellent commercial-minded guidance throughout the process. It felt like having our own in-house legal counsel.”
Philippa Sturt, a Partner at Joelson, said: “The tech industry continues to outpace the majority of sectors in the UK, which is why there is a growing interest in investing in the UK’s most inventive firms.
“SAM Labs has more than demonstrated that it has what it takes to succeed and we are delighted that we were able to work with them on this latest round of funding.”
Joelson has a long history of working with firms in the UK’s booming tech sector and has provided legal support and advice on fundraising and exit strategies to a number of ground-breaking enterprises.
“The team at Joelson have been great partners for our business… responsive, commercial, and have added value to our company, from assisting with drafting standard legal documents to full blown commercial negotiations, they have a unique skill set that caters extremely well to the increasing demands of a high growth business.”