Bettering Our Worlds Secures £4 Million Investment
Deal News | Feb 06, 2025 | Freeths LLP
Leading law firm Freeths LLP has provided legal advisory services in a multi-million-pound seed round co-investment into robotics software company Bettering Our Worlds Limited (BOW), a University of Sheffield spinout. The £4 million deal involved Northern Gritstone, Finance Yorkshire, and NPIF II (Praetura Equity Finance) as investors. Freeths' Yorkshire corporate team, headed by Corporate Partner Dahren Naidoo and Corporate Associate Farrell Tang, facilitated the investment at a time when the robotics market is projected for robust growth, expected to reach $260 billion by 2030. BOW offers a software platform designed to simplify robotics development by focusing on creativity and innovation over technical obstacles. This investment will drive software development and expansion for BOW's operations, allowing the company to grow its influence and reach.
Sectors
- Robotics
- Legal Services
Geography
- United Kingdom – The investment deal and the advisory role by Freeths LLP take place within the UK, specifically with ties to a University of Sheffield spinout.
Industry
- Robotics – The article centers around BOW, a company in the robotics software industry, highlighting the growing importance and financial backing in this sector.
- Legal Services – Freeths LLP, a law firm, played a crucial role in advising on the investment deal, showcasing the involvement of legal expertise in corporate finance and mergers and acquisitions.
Financials
- £4 million – The total amount invested into Bettering Our Worlds Limited (BOW) during the seed round co-investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bettering Our Worlds Limited (BOW) | Target Company | Company | A University of Sheffield spinout focused on robotics software. |
| Freeths LLP | Legal Advisor | Company | Leading law firm providing legal advisory services for the investment deal. |
| Northern Gritstone | Investor | Company | Investment specialist participating in the co-investment deal. |
| Finance Yorkshire | Investor | Company | Investment organization involved in funding innovative businesses in Yorkshire. |
| NPIF II (Praetura Equity Finance) | Investor | Company | Investment firm participating in the co-investment into BOW. |