Intelligent Insurance secures investment with Steele Raymond's help
by Nick Davies, 14 December 2015
Ambitious insurance specialist, Intelligent Insurance, has enlisted the advice of leading Bournemouth commercial solicitors, Steele Raymond, to support its latest round of investment.
The insurer has secured an undisclosed amount through an Enterprise Investment Scheme (EIS) to help drive its ambitious plans for growth.
Headquartered in Ringwood, Intelligent Insurance is dedicated to finding home insurance for typically ‘hard to insure’ properties and circumstances. Its management team, led by the founder of RIAS, Saga Services and Insure4Retirement, combines many decades of experience providing home insurance within the UK.
David Holden, Founder and Managing Director of Intelligent Insurance, said: “Intelligent Insurance has some very ambitious plans. As a business it is vital for us to be surrounded by the right commercial solicitors to support these ambitions. Bournemouth is well known for its strong financial services sector, and it also has a top tier commercial law firm in Steele Raymond. Nick Davies and the corporate team have provided an outstanding level of support and expert advice on a range of complex commercial legal matters.”Steele Raymond’s Company & Commercial team are well versed in acting for members of Dorset and Hampshire’s financial services sector, and helping businesses like Intelligent Insurance to take funding through initiatives such as the Enterprise Investment Scheme (EIS) - designed to help growing companies raise equity finance by offering tax reliefs to individual investors who purchase new shares in those companies.
Nick Davies, a Partner at Steele Raymond, said: “We have been fortunate to work with Intelligent Insurance in connection with their EIS fund raising to obtain vital funding for growth. It’s been fantastic to see the rapid success David and his team have achieved, and we’ve been proud to support them in creating a significant new player in the market.”
To discuss how Steele Raymond can assist you in business expansion, please contact us on 01202 294 566.