International legal practice Osborne Clarke has advised Monterosa on its £3.5m ($4.5M USD) of growth capital to accelerate development of its Real-time Engagement (RTE) platform and drive the company’s expansion into new global markets. The funding was led by 24Haymarket and included existing investor ACF Investors, plus a trio of new investors including Jeremy Darroch, former CEO and Executive Chair at Sky, Chris Rodman previously Group Managing Director of Topps and Richard Scudamore, former CEO of The Premier League who also joined the Monterosa board in 2021.
Monterosa/ Interaction Cloud™ helps sport and entertainment brands achieve game-changing outcomes with continuous engagement and first party data.
In 2021, Monterosa / Interaction Cloud™ generated 2 billion interactions, serving more than 100 million users globally. Recent new customers adopting the platform include Liverpool Football Club, Viasat, Formula E and 6 Nations.
Tom McDonnell at Monterosa said: "The team at Osborne Clarke have been great Monterosa supporters and handled our fundraise with precision and good spirit!"
Partner Ken Wilkinson and Senior Associate Josephine Healy advised Monterosa.
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JV.