A “monumental” moment for a Manchester-based edtech, which has secured a multimillion pound investment and acquisition facility from Pelican Growth and ThinCats respectively.
However, none of the parties would tell us exactly how much the “monumental” and “landmark” the Pelican investment actually is, although we understand it falls somewhere between £10m and £30m.
Unseen Group, which trades as GradTouch says it will use the new funding to accelerate organic growth an pursue strategic acquisitions in the early careers sector.
“This is a monumental moment for Unseen, a testament to our team’s unwavering dedication and the exceptional results we’ve achieved for employers, universities, and early talent candidates globally,” said Zac Williams, CEO of Unseen Group.
“Our vision has always been bold, and Pelican Capital’s investment empowers us to swiftly put that vision into action, offering a more comprehensive and innovative suite of services to our trusted customers and partners.”
The investment sees Gary Browning, the former CEO of Penna plc, become its new non-executive Chairman, and John Swaite, ex-CFO of Adept plc, as CFO.
Richard Morrison from Pelican Capital will join the board.
“We are thrilled to support Zac and his team in building on their impressive achievements. With our investment, they are poised to create a market-leading platform in the early careers sector through a well-executed strategic buy-and-build approach,” added Elliot Vickerstaff, Investment Manager at Pelican Capital.
The deal will mean the exit of Maven Capital Partners, which has been an investor in the company since 2017.
