We are delighted to have supported Dev Clever with its subscription agreement with Intrinsic Capital Jersey Limited and Sitius Limited.
Dev Clever has published a secondary prospectus, following which 30 million new ordinary shares have been issued to each of Intrinsic Capital Jersey Limited (ICJL) and Sitius Limited at a price of 10 pence per share, raising a total of £6 million gross.
The net proceeds of the fundraise are expected to enable Dev Clever to accelerate its growth and broaden and strengthen its market position in the fast-growing EdTech sector.
Dev Clever is a leading developer of online and immersive career guidance and development platforms and consumer engagement experiences. It specialises in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors
PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys and Lauren Haslam.
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