The team at Greenaway Scott (part of the GS Verde Group) were delighted to advise Gloucester-based Avantis Systems on its recent £4.25m private equity investment from Key Capital Partners (KCP).
Avantis Systems is an educational virtual reality business, founded in 2007 by chief executive Nik Tuson. The private equity deal will enable the business to accelerate international growth plans.
In 2017 the company launched ClassVR, a system of hardware, software and content that enables teachers to immerse their pupils in virtual reality experiences. Sales of ClassVR have grown rapidly in the three years since launch with more than 40,000 VR headsets now deployed in excess of 3,000 schools across the world.
Nigel Greenaway, Director of Greenaway Scott and CEO of the GS Verde group, said:
"We were delighted to advise Avantis Systems on its private equity investment. It is an exciting business, and we are sure the investment will see the business accelerate its growth."
Leanne Thomas, Director of Greenaway Scott added:
"Nik and his team were a pleasure to work with, and we are excited to see the company grow."
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More information can be found here: South West Business Insider Article