Sean was recently involved with a fund raise for Ignite Data. The company was born from a passion to improve patient lives by working with healthcare organisations to expedite the development and assessment of new treatments. Their core belief is that studies of all types can be enhanced through better application of technology and eSourced data. This is achieved with a managed service that incorporates market-leading technology with the best elements of established research processes. Their team has built up unique experience of successful project delivery in a complex, highly regulated and fast-changing environment.

The accompanying press release to the fund raise said:

SME Web Accountants Ltd (SWA), led by Sean Hackemann, advised the Management Team of Ignite Data Limited (Ignite) on its development capital fundraising, with debt funding provided by the Thames Valley Berkshire Expansion Loan Scheme. The scheme is managed by The FSE Group on behalf of the Thames Valley Berkshire Local Enterprise Partnership (LEP). The funds will be used to accelerate Ignite’s growth strategy and for working capital purposes. SWA provided financial modelling and advisory services to the Management Team.

Based in Reading, Ignite Data designs and delivers smarter research solutions in the real-world using electronic healthcare records (EHR) and outcomes data. Ignite’s technology enhanced solutions allow its pharma and clinical research organisation (CRO) clients to Find Sites for research and clinical trials, Recruit Patients for their research and Manage EHR Data.

Dan Hydes, Managing Director, Ignite, commented:

“Within very tight timeframes Sean worked with us to develop a robust integrated financial model that was central to us raising with funds with FSE Group.”

Cheryl Weeks, Fund Manager at The FSE Group, commented:

“To date Ignite Data has built up an impressive list of clients, which include a wide range of leading pharmaceutical and NHS organisations. We were instantly impressed with the technology behind Ignite and are delighted to be supporting Dan and his team in the next stage of their growth. We wish them all the success for the future.”

Sean Hackemann, Director, SWA, commented:

“We are delighted to have assisted the Management Team in raising development capital to accelerate Ignite’s growth and facilitate this cutting-edge business to further carve out a niche in the pharma and research sector. This transaction is a great example of how our growth services help ambitious SMEs obtain development capital in a really challenging funding space.”

Accountants specialising in growth businesses up to £10m turnover.
Based at Green Park in Reading.
Find us at smewebaccountants.co.uk