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Redington Drive Capital Invests in AI-Powered Employee Engagement Software Company in the UK with SME Capital funding

SME Capital are thrilled to have supported Redington Drive Capital, an investment firm focused on software and IT services businesses, with its investment in Inpulse, a leading provider of AI-powered employee engagement software and consultancy. 

Inpulse has built a strong reputation for its AI-powered employee engagement software, consultancy services, and strong client partnerships, empowering organisations to enhance productivity, foster a positive workplace culture, and strengthen employee retention. The investment will enable Inpulse to accelerate its product development, expand its market reach, and provide even greater value to its customers. Andrew Nguyen, Managing Partner at Redington Drive Capital, will join the company as Co-CEO, leading the management team alongside Founder and Co-CEO Matt Stephens.   

The SME Capital Deal Team, led by Regional Director Paul Dolyniuk, provided a bespoke funding facility to support this acquisition. 

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Commenting on the deal, Paul Dolyniuk, Regional Director at SME Capital said:

“Inpulse’s growth and achievements to date are impressive, with its value evidenced through industry-leading customer retention rates and ongoing market penetration. With proactive employee engagement becoming increasingly embedded within UK and global workplaces, we share Redington Drive Capital’s view regarding the huge potential for the business.

It is great to see the strong relationship that Andrew and Matt have already built and believe their skills complement each other well. We are therefore delighted to support the team as they lead Inpulse through its next phase of growth.”

Robert Hulse, Head of Channel Development at SME Capital added:

“Working with Andrew has been a joy, and we look forward to being a part of Inpulse's journey in the years ahead. We extend our best wishes to Andrew and the senior team for ongoing prosperity.”

Andrew Nguyen, Managing Partner of Redington Drive Capital said: 

“We thank SME Capital for their support and partnership in our recent investment. Their commitment and financial expertise have been instrumental in making our investment a reality. They understand the needs of our business, the sector of our acquisition, and our strategic plans and vision for the future. We look forward to a successful journey ahead, empowered by this valuable collaboration.”

Inpulse has established a strong reputation for providing industry-leading software, consultancy, and partnership to its clients, spanning from large international public and private corporations to small businesses. 

Squire Patton Boggs provided legal advice to SME Capital on the deal.

If you would like to discuss growth financing in more detail or our wider funding capabilities do get in touch.

About SME Capital

SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.

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February 2024

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