Verifyyed, a content licensing platform based in California, is set to list on the London Stock Exchange following a £97 million acquisition by Acceler8 Ventures.
- This strategic move involves Acceler8 suspending its current London listing to facilitate a capital raise of £10 to £20 million.
- Verifyyed operates within the global sync and royalty sector, valued at $8 billion, offering a marketplace and royalty tracking services.
- David Williams from Acceler8 and David van Herwaarde from Verifyyed express optimism, citing considerable growth opportunities from the listing.
- Post-acquisition, Verifyyed aims to capitalise on its strong market position between the US and Europe.
Verifyyed, a Californian content licensing platform, has announced its impending listing on the London Stock Exchange. This follows its acquisition by Acceler8 Ventures for £97 million. The acquisition includes Acceler8 suspending its own listing temporarily as it seeks to raise between £10 and £20 million for growth. Once regulatory approvals are secured, the company will re-list under the Verifyyed name.
David Williams, Chairman of Acceler8, commented on the acquisition, stating: “We are delighted to have reached agreement with Verifyyed and have the opportunity to bring to London such an exciting, high growth technology company. The scaling prospects of the business are considerable, and we look forward to working with David, Bobby and the wider Verifyyed team in supporting both the listing and ongoing development of the enlarged group.” His comments highlight the enthusiasm and optimism surrounding Verifyyed’s potential growth and expansion.
Verifyyed stands out in the $8 billion global sync and royalty industry. Their platform focuses on simplifying the process of music sync licensing, offering greater transparency to rights holders. This business model aims to enhance royalty revenues and expedite payment collections through efficient royalty tracking, administration, and collection services.
Director of Verifyyed, David van Herwaarde, highlights the significance of the acquisition as a critical milestone. He notes that the London listing will not only provide essential growth capital but also strategically place the company between its major markets in the US and Europe. This positioning is expected to enable Verifyyed to access new growth opportunities and continue its trajectory in the content licensing sector.
The acquisition and subsequent listing of Verifyyed on the London Stock Exchange underscore a focused strategy to leverage market positioning for enhanced growth.
