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Matheson Advises on Lead Edge Capital investment in Immedis

AUTHORs: Brian McCloskey co-author(s): Robert Maloney Derham Services: Corporate and Mergers & Acquisitions DATE: 16/12/2020

A Matheson team led by corporate partner Brian McCloskey and senior associate Robert Maloney Derham, is delighted to have advised, alongside Goodwin Procter LLP, Lead Edge Capital on its equity investment in Immedis Limited.  Lead Edge Capital is a growth stage fund based in New York and California with a focus on investing in growth stage software, internet, and consumer businesses.  Immedis is an Irish-headquartered global payroll software developer and this investment will allow the company to extend its international operations, with the opening of a West Coast and Singapore office, to service the increased demand from US and APAC clients.  

Brian McCloskey commented: “Lead Edge Capital are a remarkably successful growth stage fund and have invested in a number of unicorns to date.  This investment in Immedis and in Ireland, is another great example of the attractiveness of successful Irish business to international private equity funds, as those businesses look to scale further internationally.”

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