Growth Funds for BI Business Panintelligence

Leeds, UK-based business intelligence (BI), data visualisation, reporting, and analytics software developer Panintelligence has raised £4.5m in a Series A funding round, which it will use for expansion globally, with a particular focus on the US.

Panintelligence's 'Pi' suite of software enables businesses to use data in almost any format, to trigger bespoke reports, visualise trends in real-time and drill down to the underlying data. The business, led by CEO Zandra Moore (pictured), CTO Ken Miller and Operations Director Charlotte Bailey, was established in 2014, employs 40 staff at its Leeds head office, and recently expanded to Boston in the USA, following its first US contract wins.

New funding has been led by YFM Equity Partners with a £3.5m investment for a minority stake, with participation from Comhar Capital, which has invested £1m. Commenting on the news, Moore said: 'This Series A capital allows Panintelligence to take advantage of the huge opportunities we are seeing in global markets, particularly the US. We chose YFM and Comhar as our partners as we felt they shared our ambition to grow the business in the right way to maintain the culture and the brand.'

Web site: www.panintelligence.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.