FreeAgent gets new cash injection
Online accounting pioneers FreeAgent, co-founded by former freelancers Ed Molyneux, Olly Headey and Roan Lavery, have secured an investment of more than £2m to accelerate their already rapid growth.
The new investment - led by SM Trust, working with Torch Partners as well as the existing investors - is the fourth external investment since FreeAgent was founded in 2007, bringing total outside investment in the company to over £3m.
Early in 2010, IRIS business software joined the 2009 Angel investors Christoph Janz and Robin Klein to back the innovative FreeAgent, also taking on the role of an exclusive reseller for FreeAgent into the UK accountancy practice market.
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