A California-based startup, Verifyyed, is set to list on the London Stock Exchange following a £97m deal.
- Verifyyed, specialising in content licensing, has been acquired by Acceler8 Ventures, a company listed in London.
- The deal involves suspending Acceler8’s listing to raise additional capital before re-listing as Verifyyed.
- Key industry figures expressed optimism about the growth prospects of Verifyyed’s business in Europe and the US.
- Verifyyed’s platform is poised to enhance transparency and revenue in the music sync and royalty market.
A significant development in the content licensing industry has emerged as the Beverly Hills-based startup, Verifyyed, prepares to list on the London Stock Exchange. This move comes on the heels of a £97m acquisition by Acceler8 Ventures, marking a strategic expansion into the European market for the American company.
Verifyyed, known for its innovative SaaS platform within the $8 billion sync and royalty industry, now joins forces with Acceler8, which plans to temporarily halt its listing. This pause will facilitate a capital raising exercise, aiming to gather between £10 and £20 million, thus setting a solid financial foundation for the new entity transitioning to the market as Verifyyed.
David Williams, the Chairman of Acceler8, expressed enthusiasm about the acquisition, highlighting its potential to significantly enhance Verifyyed’s growth trajectory. “We are delighted to have reached an agreement with Verifyyed,” Williams stated, emphasising the synergy expected from this merger and the prospects it opens for both companies in tapping into new markets.
Further affirming the strategic importance of this acquisition, David van Herwaarde, Director of Verifyyed, acknowledged the transformative potential of the London listing. He pointed out that this move not only offers a critical platform for accessing capital but also strategically positions Verifyyed between the US and European markets, enhancing its operational reach and efficiency.
Verifyyed’s platform is acclaimed for simplifying the complex music sync licensing process. It offers rights holders improved transparency, potentially driving higher royalty revenues and ensuring faster payment collections. As Verifyyed leverages this opportunity to secure its position in the global market, it focuses on delivering increased value and efficiency to its clients.
The listing of Verifyyed on the London Stock Exchange represents a significant step in broadening its market influence and capital resources.
