Seneca Invests in Tech Trio

Investor Seneca Partners has marked a record start to 2019 with three multi-million pound deals in three months. The investment management and corporate advisory business has invested in a trio of London firms – market leading appointment booking software specialist Qudini; Vizibl; and independent software development company Fabacus.

Seneca specialises in working with UK SMEs generating turnover of up to £100 million.

Matthew Currie, investment manager and growth investor at Seneca Partners, said although they were sector agnostic there has certainly been a move towards tech firms.

“We tend to follow the market and tech is the space that is flying,” he said. “That’s where we’re seeing most of our opportunities. Strangely, most of the ones we’ve seen coming out of the North this year have been consumer-led tech, B2C stuff. It’s the exciting end of the market and one that could take off but it can be a difficult place for a mainstream institution.

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