FRP secures £4m funding package for Antser
Business support and transformation services provider Antser has secured more than £4 million in growth funding with the support of our Corporate Finance team in Birmingham.
Antser, which has clients in the social care, health and education sectors, has received £4.15 million from alternative lender ThinCats, which specialises in supporting mid-sized businesses. Our Corporate Finance team advised Antser on the transaction.
The funding will primarily be used in the development of Antser Insight, a new data insights solution for health and social care providers. By delivering big data in dashboard format, on demand, the solution will support informed, proactive planning and delivery of vital services for vulnerable children, adults and families.
A desire to push forward the firm’s service provision led Antser CEO Richard Dooner to seek the advice of the team, who introduced the business to ThinCats.
He said: “We continue to innovate and to consider how solutions can be provided in a more accessible and practical way. Technology is playing an incredibly important role for all of us as we move forward in the current situation, and we are delighted that the ThinCats funding is enabling us to continue to develop our offering to the health and social care sector, especially at such a crucial time.”
Fahim Kassam, Corporate Finance Manager at FRP, said: “Antser is a truly unique business, providing technology-led, specialist products and services into the social care, health and education sectors.
“This transaction will help Antser accelerate into new sectors to create positive change for organisations operating in its existing and new markets.”
Chris Webb, Director (Regional Business Development) at ThinCats, added: “AntseFahir is a business that provides a vital service to a hugely important sector, and we are proud to have been able to support Richard and his team with their growth plans. They are a prime example of the forward-thinking, ambitious mid-sized SMEs that ThinCats specialises in funding.”
This transaction will help Antser accelerate into new sectors to create positive change for organisations operating in its existing and new markets.Fahim Kassam Corporate Finance