mmadigital receives FCA approval for growth funding by Rockpool Investments

mmadigital receives FCA approval for growth funding by Rockpool Investments

The Financial Conduct Authority (FCA) has given the green light to Rockpool Investments’ (Rockpool) growth funding investment into mmadigital, one of the fastest growing lead generation platforms in the UK legal sector.

mmadigital uses proprietary technology to both source and qualify high quality leads for its clients. The company captures more online leads than any other provider in the UK legal marketplace and works with over 70 law firms.

The funding will provide additional capital to support mmadigital’s ambitious growth strategy. It will enable the business to expand its technology and product offering organically and via strategic acquisitions, and to enter new markets.

For Rockpool, the investment marks it first venture into the legal tech services sector.

Guy Ellis, Partner at Rockpool says: “mmadigital has a strong track record of growth combining organic and strategic expansion and we see massive potential in what this market-leading platform can do in the lead generation sector. Dez and his leadership team have a clear vision and strategy to underpin the future growth of the business and our investment will provide the knowledge, support and infrastructure to help them scale up fast.”

Dez Derry, mmadigital’s CEO and Founder adds: “This is an important milestone as we look to expand our services in the coming months and actively seek acquisition opportunities. From our initial meetings with Rockpool, it was clear they offered a personalised approach and took the time to understand the business and the dynamics of our management team. Rockpool brings a great deal of experience to the table and we look forward to working with them as we continue to expand.”

mmadigital was advised by Frazer Hall, Knights plc and Crowe UK. Rockpool was advised by Taylor Wessing LLP, HMT, CIL, onefourzero, Catalysis Advisory and Claritas Tax.