Chelverton Asset Management Limited’s £1 Million Investment in iDefigo

Faegre Baker Daniels has advised iDefigo in a GBP1 million growth capital investment from Chelverton Asset Management Limited (Chelverton) – a specialist investor in sub-FTSE 100 quoted entities and unquoted SMEs.

iDefigo initially developed its Internet of Things (IoT) surveillance platform in New Zealand before relocating to the U.K. in 2013. The company’s offering, combined power management, mobile network optimization, and intelligent cloud image capture and processing which it says provides organizations with a viable solution for protecting remote assets. Target customer market segments include Utilities, Local and Central Government, Construction and Agri-business, which are approached directly and via partner channels, including through Vodafone who brand the iDefigo solution as the ‘Vodafone Smart Camera’.

FaegreBD partner Gary Laitner (Picture) led the team advising iDefigo with assistance from James Ellis-Rees.

Involved fees earner: Gary Laitner – Faegre Baker Daniels;

Law Firms: Faegre Baker Daniels;

Clients: iDefigo;