A significant financial development was announced as a Californian firm prepares to list on the London Stock Exchange in a £97 million transaction.
- Verifyyed, a Beverly Hills-based content licensing platform, is being acquired by Acceler8 Ventures.
- Acquisition company Acceler8 Ventures will raise additional growth capital before re-listing as Verifyyed.
- The move positions Verifyyed advantageously between the US and European markets.
- The startup operates in the $8 billion global sync and royalty industry, enhancing the music licensing process.
A major financial event has unfolded with the announcement that a startup from California is set to be listed on the London Stock Exchange in a noteworthy £97 million deal. Verifyyed, a content licensing platform headquartered in Beverly Hills, is the center of this development as it is acquired by Acceler8 Ventures, a company already listed in London.
In a strategic move, Acceler8 will put its London listing on hold to raise between £10 and £20 million in growth capital before proceeding to re-list as Verifyyed. This action is subject to receiving regulatory approval, but once completed, it is poised to bolster the company’s financial and market position.
David Williams, Chairman of Acceler8, expressed enthusiasm about the acquisition, highlighting the exciting growth prospects for Verifyyed. He stated: “We are delighted to have reached agreement with Verifyyed and have the opportunity to bring to London such an exciting, high growth technology company.” He further articulated the company’s commitment to supporting Verifyyed’s listing and its broader development goals.
David van Herwaarde, Director of Verifyyed, remarked on this pivotal moment for the company, underscoring the strategic advantage of having a London listing. He explained that it would provide a springboard to access further growth capital and strategically position Verifyyed between its primary markets in the US and Europe.
Verifyyed itself is a Software as a Service (SaaS) firm deeply embedded in the expansive $8 billion global sync and royalty industry. Its offerings include transaction sync to royalty platforms, premium content licensing marketplaces, and comprehensive royalty tracking, administration, and collection services. The platform is specifically designed to streamline the music sync licensing process, providing rights holders with improved transparency, ultimately boosting royalty revenues and expediting payment collections.
This listing signals a promising growth phase for Verifyyed in the competitive sync and royalty industry.
