Keystone Law’s Corporate team has advised London-based artificial intelligence company Datamaran on its successful $4.5 milion funding round.

The Keystone team led by Corporate Finance lawyer and M&A specialist, Nadim Zaman and assisted by Corporate paralegal, Albert Mennen advised Datamaran on its equity funding, securing a cash injection via West Hill Capital and follow-on investment from VC Run Capital and the company’s existing high net worth shareholders.

Keystone advised the company on the deal terms and corporate structuring whilst the majority of the funds were raised by West Hill Capital.

Datamaran was launched in 2014 by a former Global Reporting Initiative (GRI) director, a Wall Street Quant specialist and a technology and analytics consultant. Datamaran’s blue-chip client-base uses proprietary Artificial Intelligence technology to fully automate and professionalize their identification and monitoring of 100+ non-financial issues.

Nadim Zaman of Keystone Law said of the deal:

“Having worked closely with co-founders Marjella, Jean-Philippe and Jérôme from day-one, it has been a privilege to get to know them and be part of the company’s high-growth journey. It was particularly gratifying to be able to assist in putting the deal together for such a valued client. We are increasingly seeing opportunities in the market to do so.”

“We are thrilled to close this successful Series A fundraise through the valued support of Keystone Law, West Hill, and our long-standing investor base,” continued CEO of Datamaran, Marjella Alma. “The financing enables us to boost our growth, innovate and broaden our SaaS product suite”

Andrew Brode, current investor in Datamaran, board member and chairman of RWS Group plc added:

I’ve seen the company grow since 2014, and I am as excited as ever by this subscription business. The market opportunity is obviously huge.”

Edward Williams, Partner of West Hill Corporate Finance concluded:

“West Hill was delighted to assist Datamaran on its capital raising, following an introduction from Keystone Law with whom it has worked on a number of clients.The capital raise was enthusiastically supported by our investor base and it ticked many of the boxes sought by investors – an innovative, highly differentiated business, operating in a growing market, with strong management and revenue growth opportunities.We believe that Marjella and the team are well placed to deliver on their exciting business plan”.