We are delighted to have supported Insig AI (INSG.L) (formerly Catena Group plc) with its £6m fundraise and reverse takeover of Insight Capital Partners Limited. Insight is a data science and machine learning solutions company that provides bespoke web-based applications, advanced analytical tools and modern technology infrastructure to make machine learning accessible to investment professionals.
Zeus acted as Nominated Adviser and Sole Broker on the transaction. Net proceeds of the placing will be used to pay the cash consideration due to the vendors of Insight and to invest in Insig AI’s team of developers, engineers and sales and marketing employees to accelerate product development and sales. Shareholders voted overwhelmingly in favour of the transaction with the new shares commencing trading on AIM on 10 May 2021.