Manchester-based legal digital agency mmadigital has received approval for growth funding investment from private equity company Rockpool Investments.
The Financial Conduct Authority (FCA) has approved the move for the funding, which the agency will use to support its growth strategy. The agency, which uses technology to source leads for its clients in the legal sector, also plans to expand its technology and product offering through strategic acquisitions.
For Rockpool, the investment is the firm’s first venture into the legal tech service sector. The agency said it was not able to disclose how much the investment was for.
Guy Ellis, Partner at Rockpool said: “mmadigital has a strong track record of growth combining organic and strategic expansion and we see massive potential in what this market-leading platform can do in the lead generation sector. Dez and his leadership team have a clear vision and strategy to underpin the future growth of the business and our investment will provide the knowledge, support and infrastructure to help them scale up fast.”
Dez Derry (pictured), mmadigital’s CEO and Founder, added: “This is an important milestone as we look to expand our services in the coming months and actively seek acquisition opportunities. From our initial meetings with Rockpool, it was clear they offered a personalised approach and took the time to understand the business and the dynamics of our management team. Rockpool brings a great deal of experience to the table and we look forward to working with them as we continue to expand.”
