Browne Jacobson advises Hurricane Modular Commerce on multi-million venture debt facility
UK & Ireland law firm Browne Jacobson has advised Hurricane Modular Commerce Limited on a multi-million pound venture debt facility provided by Shawbrook Bank led by Jack Longden.
Hurricane’s new growth capital will support the attainment of the company’s ambitious revenue targets and its expansion into new regional markets and industry sectors.
Hurricane Modular Commerce is the global leader in the provision of AI technology that powers a smooth customs flow and enables a seamless cross-border eCommerce experience. The company’s AI-driven, real-time data solutions cover the critical areas of HS code classification, duty and tax calculation, denied parties screening and prohibited and restricted goods screening.
Browne Jacobson advised Hurricane on the venture debt facility alongside Tom Eastwood and Harveer Gill of Debrett’s Private Finance, a corporate advisory and investment firm who work with clients and partners over the long term to create and realise shareholder value.
The Browne Jacobson team was led by Senior Associate Chereta Edmeade, and included Partner James Tait, Legal Assistant Aman Rai and Consultant Roger Birchall.
Chereta Edmeade, Senior Associate at Browne Jacobson, said: “It’s been fantastic working with the Hurricane team to secure a truly significant venture debt facility for the firm and to showcase Browne Jacobson’s venture debt capabilities. With this new capital, we look forward to seeing Hurricane continue to expand and set the standard for eCommerce AI provision.”
Ashley Dexter, CFO at Hurricane said: “Chereta and the Browne Jacobson team have provided invaluable support in securing this landmark venture debt facility for us. The combination of efficient, clear, helpful advice, aligned objectives and support enabled the transaction to be completed rapidly, which will assist sales development around the world.”
Related expertise
You may be interested in...
Legal Update
When roads diverge regulating autonomous vehicles: EU v UK approaches
Legal Update
AI is creating fraudulent claims
Press Release
Browne Jacobson continues strategic expansion in Wales with new corporate partner
Legal Update
Embedding social value in procurement
Legal Update
Navigating workplace sexual harassment laws during the festive season
Press Release
Browne Jacobson advises AI market research platform on $4.5m fundraising for international expansion
In Person Event
Ascensus and O Shaped workshop: Ethics in the spotlight
Legal Update
Technology trends in the food and drink sector: Consumer targeting technologies
Legal Update
How the Data (Use and Access) Bill will impact the public sector
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Legal Update
e-Evidence Package: Increased obligations on service providers to cooperate with data requests from law enforcement authorities
Legal Update
Building an inclusive workplace: Strategies for attracting and retaining disabled talent
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Legal Update
The EU Cyber Resilience Act (CRA)
Press Release
Comments on the publication of Universities UK’s (UUK) report
Press Release
Browne Jacobson to provide legal advice to North West public bodies after contract award
Press Release - #PositivePurpose
Strolll: HealthTech for rehabilitation
Legal Update
Artificial intelligence putting the ‘actuarial defence’ to the test?
Press Release
Browne Jacobson contributes to report promoting greater UAE-UK collaboration in cancer care
Opinion
Choose your words wisely: Balancing inclusivity and employees’ beliefs at work
Opinion
New hope for the manufacturing sector?
Guide
EU Artificial Intelligence (AI) Act: Guide for your business
Press Release
Browne Jacobson advises IT and cybersecurity provider on strategic expansion into Ireland
Legal Update
How might AI impact insurer climate targets?
Legal Update
Using AI to help spot vulnerable customers
Legal Update
(Deep)fake it till you make it? The ASA's role in regulating false celebrity endorsements
Legal Update - Procurement Act
Update on local authority owned companies Part 2 Teckal exemption
Press Release
Browne Jacobson has advised Maven Capital Partners during a £650,000 investment in Traverse
Press Release
Jeanne Kelly recognised in the list of Top 100 people in Irish Tech by the Business Post
Press Release
Browne Jacobson strengthens Irish Corporate team with appointment of Principal Associate James Byrne
Legal Update
Artificial intelligence in insurance: Targeted marketing as a quasi-underwriting function
Legal Update
UK election 2024: What are the healthcare promises made by the major political parties?
Press Release
Browne Jacobson advises Inspeq AI on $1.1m investment led by Sure Valley Ventures
Legal Update
Commercial contracts: Top tips before signing on the dotted line
Legal Update - Consumer Duty
The Financial Conduct Authority’s approach to AI regulation
Legal Update
The FCA comments on competition between big tech firms and financial service firms
Press Release
Browne Jacobson expands significantly in London with Technology and Commercial team hire from EY Law
Press Release
Browne Jacobson advises Hurricane Modular Commerce on multi-million venture debt facility
