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.
“Entrepreneurial and responsive, key features when working with Asos. Joelson deliver what we value in terms of legal services – a partner who can respond, both reactively and proactively, to our ever changing business requirements.”
International Director ASOS plc