Ruffena advised upon and lead the fund raising for the Company's launch and pre-IPO round, totalling £5.3m. The Company IPO'd on the London AIM market in early Sep 2017.
appScatter has pioneered the creation of a platform that allows app developers to distribute and manage their apps in a rapidly expanding global marketplace – which now stands at over 300+ app stores worldwide.
With Ruffena in place to facilitate additional fundraising, the Company’s existing investors committed over half of the investment required in two stages. The commercial platform launched in late 2016, and successfully generated £1.4m in sales in December 2016 alone.
appScatter raised an additional £9m when it listed on the London AIM market in Sep 2017 under the ticker 'APPS'.
ABOUT RUFFENA CAPITAL
Established in 2013, Ruffena Capital has evolved to become a boutique private equity advisory business with its own investment platform - focused on raising true growth capital or alternative finance, typically in the £2-10m range for its clients. Ruffena’s investors are largely a private audience of experienced UK and international investors, funds, family offices and certain wealth managers, who prefer established, highly tangible opportunities that can demonstrate the ability to scale and generate returns. Ruffena secured or advised upon over £42m going into client projects over the 2016-17 financial year. In the current year this has risen significantly and Ruffena has also had two clients IPO and one full exit in 2017-18. Ruffena does take on some earlier stage projects, however they must emphatically demonstrate thorough planning; tangible commercial potential; and a workable investment proposition.