Vela Technologies

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AIM-listed investment company Vela Technologies sought £550,000 from UK Bond Network investors as part of the consideration for an acquisition.

This fundraising through UK Bond Network enables our current as well as new investors to support our continued investment strategy by participating in a non-dilutive structure.

ANTONY LAIKER, EXECUTIVE DIRECTOR, VELA TECHNOLOGIES

Key auction statistics & Headline terms

  • £550,000

    Total raised

  • £21,154

    Average bid size

  • 10%

    Interest rate (gross per annum)

Funding raised£550,000
MaturityFebruary 2020
Coupon10% gross per annum
RepaymentInterest paid quarterly, bullet at maturity
Term36 months
SecurityAn all-assets debenture from the Issuer, a first fixed charge over the Issuer's shareholding in Portr Limited and a personal guarantee from Scott Fletcher, a leading technology investor and entrepreneur

  • Chris Maule, UKBN CEO, had this to say about the transaction:

    “Vela has a track record in identifying promising growth companies. UK Bond Network assisted Vela with additional funding to boost its existing stake in the growing travel technology company, Portr. UK Bond Network Chairman, Scott Fletcher, is an existing shareholder in Portr and to demonstrate his belief in the company, is personally guaranteeing the Bond’s repayment.”

Get in touch

To find out more or to discuss a funding requirement, email our Lending Team at finance@ukbondnetwork.com or call us on +44 (0)20 3146 4440.