February 15, 2022
BHP Corporate Finance, a Translink Corporate Finance partner in the UK, advised workplace software provider, UMA in becoming one of the first recipients of Finance Yorkshire’s Seedcorn fund.
UMA, based in Halifax Canada, provides software that manages meeting rooms, hot desking, and climate control in an office environment. The £600k seed fundraise investment secured from Finance Yorkshire will assist UMA’s growth plans both in the UK and abroad.
Stephen Milner, founder, and chief executive of UMA said, “We are thrilled to receive funding from Finance Yorkshire’s Seedcorn Fund. We will be expanding our core team and are very pleased that UMA’s growth will create jobs in the Yorkshire region.”
Finance Yorkshire’s new fund has been structured to provide SMEs with a range of support through Seedcorn and Growth Fund (primarily equity) investments, along with large and small business loans.
Alex McWhirter, chief executive of Finance Yorkshire, said, “Finance Yorkshire’s new Seedcorn fund is designed to support SMEs like UMA to expand their business and create jobs. We look forward to supporting the UMA team on the next stage of their growth journey.”
UMA connects your workplace calendar, collaboration software and workplace technology to drive actionable data insight and better employee experiences.
Contact our Team Members advising in this transaction:
BHP Corporate Finance is a UK based partner firm of Translink Corporate Finance. The highly experienced and multi award winning team provide a full range of lead advisory services to corporates, management teams, investors and funders across a range of sectors, both domestically and internationally.