Taylor Joynson Garrett acted for internet company On Board Info on securing $3m (£2m) of second round funding. The capital was raised through a syndicate led by Interregnum and included first round investors NatWest IT Fund, Cambridge Research and Innovation. Corporate lawyers Simon Walker and John Scott acted on the deal with a team of three.
City interest fades for equity in lieu of fees
Enthusiasm for taking equity in lieu of fees is on the wane following the downturn in the new economy symbolised by the collapse of Boo.com. Where firms at one point viewed the policy as a good selling point to attract the then fashionable dotcom companies, firms are now realising that it pays to be more […]
