CMS supports high-growth digital supply chain innovator, Virtualstock in securing $6m investment

London, 20 July 2017.

International law firm CMS has advised British technology business, Virtualstock in the completion of its strategic funding round with leading European venture capital firm, Notion Capital. The funding has raised $6m which will support Virtualstock in the acceleration of its growth plans into its core retail and health sectors, as well as support its expansion into new geographical markets including the United States.

Virtualstock is a UK-based technology company providing next generation digital supply chain solutions to enable world class retailers to accelerate and optimise their omni-channel strategies. The Software-as a Service (SaaS) platform help retailers cut millions of pounds and improve their speed to market by innovating supply chain procedures, helping them to rapidly react to changes in demand for stock and making order management more transparent.

CMS partner, Anthony Waller, who led the CMS team in its advice to Virtualstock commented: "CMS is a proud supporter of high-growth businesses, particularly in the technology space. We are delighted to have helped our long-standing client Virtualstock secure this important funding which will support its strategic growth plans and enable it to access new and important markets.”

Andrew Mills, Chairman and CEO for Virtualstock commented: "We have been working with CMS, and historically Olswang, for some time, and appreciate their expert assistance, hard work and diligent approach in getting this funding across the line. Their extensive experience in the technology and venture capital market was critical to the success of this deal.”

The CMS team also included Senior Associate Tom Jameson, and Associate Nick Wardle.