The Panoply completes £1.1m funding round

News

The Panoply is pleased to announce that it has completed a fundraising round of £500,000 with a further £650,000 committed based on the achievement of certain milestones.

The investment provides The Panoply with sufficient funding to complete its strategy of acquiring a number of technology services companies ahead of a planned IPO on AIM in 2018.

Part of the funding has been provided by a Norwegian family office that will also help The Panoply to build a Scandinavian cluster of companies. Scandinavia is an increasingly important global hub for technology companies, and an innovation hotspot, with over $1.4bn invested in Stockholm-based companies alone in 2016.