Peppermint secures investment from SEP and strengthens board
Peppermint Technology, the award-winning legal and dispute management technology provider, has received investment from Scottish Equity Partners (SEP) to accelerate its growth.
Peppermint currently has more than 5,000 users within legal and dispute management firms across the UK. Launched in 2010, it has doubled its revenue in each of the last three years and now has 60 staff operating from its Nottingham base. In addition to securing funding of over £10 million, Peppermint has strengthened its board with the appointment of Neville Davis as Chairman and Mike Kent as CFO.
Arlene Adams, the founder and CEO of Peppermint, says:
“We have grown rapidly over the past five years and are seeing increasing interest from firms seeking an innovative industry platform. This funding will enable us to invest further in our product and our people to meet that demand. We are pleased to have secured SEP as investors, with their significant experience of supporting high growth companies. We look forward to working with them to achieve Peppermint’s full potential as the dominant player in the legal market.”
Gordon Beveridge of SEP adds: “We have been very impressed with the achievements and growth of Peppermint to date. Our investment, together with the appointments of Neville Davis and Mike Kent, will underpin the company’s future growth, enabling it to continue to develop innovative, market-leading and disruptive software.”