Blue Prism to raise £100 million fund via placing shares with new and existing investors

Blue Prism has announced a placing of shares with new and existing investors (including directors and management) to raise £100 million (approx. US$130 million) in fresh funding. Closing of the transaction is conditional on a resolution approving it being duly passed at the forthcoming shareholder general meeting. The funds raised will fuel the company’s connected-RPA vision has unveiled along with planned investments in R&D, sales, marketing, customer experience, community and global expansion.

On the heels of the closing of the company’s third fiscal year since going public on the AIM market of the London Stock Exchange in 2016, this additional funding is a testament to the value enterprises derive from Blue Prism solutions. The financial results for FY18 published demonstrate the group's continuing sales momentum and success with new and existing customers. Significant progress made in the US (a key strategic market), ongoing international expansion, and continued product development will help service the rise in global demand for Blue Prism's enterprise level, connected-RPA offering.

Alastair Bathgate, CEO & Co-Founder, Blue Prism, says, “The outcome of this placing, which builds on another year of significant progress for the company, highlights the meteoric growth opportunity with RPA and intelligent automation. In addition to our continued investment in the organization, infrastructure and global expansion, we’ll use the £100 million raised to drive our connected-RPA vision – empowering and connecting the entrepreneurs and innovators within an enterprise to adopt transformative technologies that enable them to be agile, disruptive and keep pace with changing market demands."