Cloud software firm lands £7m private equity deal

Nottingham-based cloud software firm Peppermint Technology has sealed a £7m worth of investment from Accel-KKR, a Silicon Valley technology-focused investment firm and existing investors Scottish Equity Partners (SEP).

Peppermint says it use the cash to accelerate growth and further develop its legal SaaS platform.

“This is a very exciting time for Peppermint. The backing of both Accel-KKR and SEP reinforces that our innovative approach to transforming legal services through technology fundamentally sets us apart in the industry,” said Gary Young, chief executive of Peppermint Technology.

“When I joined the Company in early 2018, I recognised a real opportunity to make a difference in the legal sector. With this investment, we will continue to enhance our product offering and accelerate our go-to-market strategy, whilst focusing on the delivery of a great experience to our customers.”

“Since we first began conversations with Peppermint, we have been impressed with the sophistication and focus of the management team and their mission to leverage technology to make their customers lives easier and more efficient,” said Samantha Shows, managing director at Accel-KKR.

“We are excited to back this customer-centric business as they continue building their momentum in the market.”

David Sneddon, partner at SEP said: “As the only true full-service cloud based legal software provider in the UK, combined with Microsoft’s recent endorsement, the growth opportunity for Peppermint remains strong. Our further investment, alongside that from Accel-KKR, will enable the company to scale in response to increasing market demand for its award winning, innovative legal software.”