Gregg Latchams advises YellowDog on Bloc Ventures investment
Gregg Latchams has successfully advised YellowDog, one of the top 15 Disrupter Businesses in the South West, through a significant investment by early-stage tech investors Bloc Ventures.
Established in 2015, YellowDog’s vision is to build a world where people do more, create more, discover more; unleashed from limited computing power. They are doing this by building the world’s fastest supercomputer to harness underutilised computing power of desktop computers, servers and datacentres to enable customers with high-CPU/GPU load tasks to perform them quickly and cost effectively.
Since launching, YellowDog has gained over 1,000 customers around the world and become known globally for their Limitless Compute technology, and had raised over £1.2 million from angel and seed investors, including a recently over-subscribed seed investment round on Seedrs.
The investment by Bloc Ventures and the Bristol Private Equity Club (BPEC) will enable YellowDog to increase investment in R&D and recruitment, thereby enabling the business to expand into their second market: unleashing financial services’ infrastructure from big batch data challenge.
“YellowDog is a fantastic example of how to take a simple problem – the imbalance of supply and demand in computing power – and turn it into a scalable and successful business. It has been a pleasure working with Gareth and the team to deliver this tranche of investment, which represents yet another success story for the South West’s burgeoning tech sector.”
Founder and CEO Gareth Williams commented:
“As a scale up, it’s vital that YellowDog has the best financial, administrative, and legal support, particularly through intensive investment rounds that deliver such huge company benefits. Ed and the Gregg Latchams team worked all hours to ensure that we were supported with the best advice and accurate documentation, and it was encouraging to have Digital Technology legal experts available at any notice throughout this investment round.”