Ashfords’ corporate team advised healthcare innovation company EarSwitch in connection with a £1.2m investment round led by Praetura, a well-known investor in early-stage innovative businesses.
This investment will support the development of the company’s in-ear biometric sensor technology, which aims to provide patients and providers with trustworthy, accurate data.
Our investment experts worked closely with EarSwitch’s founder team throughout the process, from receipt of the initial term sheet through to completion of the round. We were on-hand to draft the documentation needed to make the round happen, negotiate with the investors and their advisors on the company’s behalf, and importantly to provide advice to the company on the investment terms throughout.
The team’s experience and deep market knowledge helped the parties to successfully close out the deal, advising the company on how to ensure the investment documentation remains reasonable and well-balanced, and guiding them through the more technical areas. Ashfords has worked with EarSwitch since the very early stages, having first advised them in 2022 as part of our wider support for Future Space.
“We have been supporting Future Space and its members for a number of years now, by providing regular legal workshops to members on a variety of legal topics and by offering freely accessible ad-hoc advice via the ‘Advisory_Space’ programme, as well as having acted for many past and present members.” Says Scott Preece, who led support for businesses at Future Space at the time of writing.
“Scott and his team at Ashfords offered us fantastic support as we entered this important investment step for Earswitch and helped us not only successfully close the round but also set the company up fit for future rounds.” Garry Pratt, Co-founder – Earswitch
Having been on-hand to help EarSwitch through the legal issues which arise in the early days of growing a business, we were very pleased to be able to assist with this milestone funding round.
We love to see interesting businesses with exciting technology, like EarSwitch, go through their growth journeys and are always happy to support them where we can along the way. We’re looking forward to seeing the bright future ahead for this business and to continuing our work with the EarSwitch team as they scale-up.
For more information on investment funding, please contact Ashfords’ corporate team.
