Supporting growing businesses: Harper James clients raise over £135m in 2019

Supporting growing businesses: Harper James clients raise over £135m in 2019

Funding is consistently one of the top challenges that early-stage businesses face as they transition from start-up to scale-up. Yet ambitious Harper James clients reaped the rewards of their hard work and raised in excess of £135 million* throughout the year, contributing towards the UK ranking 4th in the world for scale-up investment in 2019, after the US, China and India.

What these early stage businesses share is a steely determination to scale and succeed, and with the right legal support in place they are able to secure the investment to achieve their goals for growth.

Take property tech company Plentific, founded by two former bankers and property entrepreneurs. The London-based start-up raised £15m of Series B funding to roll out their ground-breaking property repair, management and maintenance platform from the social and private housing sectors in the UK to the commercial property sector in Europe and the US. The Uber of repairs and maintenance – as Plentific were called by an influential property publication – now looks to be going global with the impact their platform has on the lives of tenants and businesses of property developers alike.

From prop-tech to materials science, Paragraf are leading the way when it comes to high-performance applications of graphene. This University of Cambridge spin-out is developing cutting-edge technologies to enable the use of graphene in advanced electronic, energy and medical devices for the greater good. Investors clearly recognised the potential of Paragraf’s work, offering them funding to the tune of £16.2m, which will enable them to their accelerate graphene-based electronics products to market.

Blow Ltd is the UK’s leading provider of tech-enabled on-demand beauty services and last year received just under £2m to boost their already successful business. Established in 2013 by the former Editor in Chief of Grazia magazine, Blow invites its customers to book beauty treatments at home via its convenient app, and delivers around 15,000 services a month in London, Birmingham and Manchester. For expert beauty professionals, Blow Ltd provides them with a platform to get work, manage appointments and payments. Its fortunes look to be on the up and up.

Pioneering biotech company NuVision’s years of intensive research led them to develop omnigen, a wound dressing that can be used to repair damaged corneas. Following an initial £2m investment from sources including the Ministry of Defence, a new injection of almost £700,000 will enable the Nottingham-headquartered company to scale up. In the emerging area of cannabidiol development – otherwise known as CBD oil – Dragonfly Biosciences raised £842,000 last year to continue their company’s ascendancy in this high-growth marketplace. The thriving start-up’s cannabis oil products are stocked in Tesco, Sainsbury’s and Boots in the UK and they are now forging ahead with their plans to expand into European markets.

The takeaway from this positive investment news is that innovation isn’t slowing down in Britain, despite an occasionally turbulent 2019. Reports such as the Scaleup Institute’s Annual Review demonstrate how important these businesses are to the UK’s future economic success so the shared hope now is that their scale-up efforts won’t be too buffeted by 2020’s pressing global challenge of containing Covid-19.

Our clients

See what these clients say about working with us

Very responsive. Rapid initial account setup and activation.
Iain Miller CEO and Director, Iain David Miller
Fast and efficient communication. Easy to communicate instructions and timely turnarounds. Good value for money alongside good communication with explanation of path taken.
Daniel Lawrence MD and Co-Founder, Bots For That
Thorough, insightful and practical, glad I've got Jas and Wajiha on my team. I got the support and guidance I needed, when I needed it, without fuss or time wasting!
Shaun Robertson CEO, MiDx Ltd
Thank you for all your support, guidance, and great advice through our EOT, and especially being up for the pressure of the year-end deadline race. It’s business as usual for you, but it’s been a real learning curve for us, and now it marks the start of a new chapter. It’s been a pleasure for us working with you.
Pete Knight Director, Zircom Data Communications
I have worked with HJ for the past five years primarily on employment matters, including immigration/visas. The employment team are always readily available and responsive and have worked with us on some very challenging matters through to conclusion. Myself and my team always appreciate Simon, Ella and Shaun's pragmatic approach to situations that align with the best strategic outcomes. A sense of humour is always very welcomed given the demanding nature that specific situations can generate.
Siobhan Wright Chief People Officer, Trust Payments
Very responsive. Rapid initial account setup and activation.
Iain Miller CEO and Director, Iain David Miller
Fast and efficient communication. Easy to communicate instructions and timely turnarounds. Good value for money alongside good communication with explanation of path taken.
Daniel Lawrence MD and Co-Founder, Bots For That
Thorough, insightful and practical, glad I've got Jas and Wajiha on my team. I got the support and guidance I needed, when I needed it, without fuss or time wasting!
Shaun Robertson CEO, MiDx Ltd
Thank you for all your support, guidance, and great advice through our EOT, and especially being up for the pressure of the year-end deadline race. It’s business as usual for you, but it’s been a real learning curve for us, and now it marks the start of a new chapter. It’s been a pleasure for us working with you.
Pete Knight Director, Zircom Data Communications
I have worked with HJ for the past five years primarily on employment matters, including immigration/visas. The employment team are always readily available and responsive and have worked with us on some very challenging matters through to conclusion. Myself and my team always appreciate Simon, Ella and Shaun's pragmatic approach to situations that align with the best strategic outcomes. A sense of humour is always very welcomed given the demanding nature that specific situations can generate.
Siobhan Wright Chief People Officer, Trust Payments

*data sourced from Beauhurst.


Our offices

A national law firm

A national law firm

Our commercial lawyers are based in or close to major cities across the UK, providing expert legal advice to clients both locally and nationally.

We mainly work remotely, so we can work with you wherever you are. But we can arrange face-to-face meeting at our offices or a location of your choosing.

Head Office

Floor 5, Cavendish House, 39-41 Waterloo Street, Birmingham, B2 5PP
Regional Spaces

Capital Tower Business Centre, 3rd Floor, Capital Tower, Greyfriars Road, Cardiff, CF10 3AG
Stirling House, Cambridge Innovation Park, Denny End Road, Waterbeach, Cambridge, CB25 9QE
13th Floor, Piccadilly Plaza, Manchester, M1 4BT
10 Fitzroy Square, London, W1T 5HP
Belsyre Court, 57 Woodstock Road, Oxford, OX2 6HJ
1st Floor, Dearing House, 1 Young St, Sheffield, S1 4UP
White Building Studios, 1-4 Cumberland Place, Southampton, SO15 2NP
A national law firm

To access legal support from just £149 per hour arrange your no-obligation initial consultation to discuss your business requirements.

Make an enquiry