Rezatec has secured £3 million of venture debt from Shard Credit Partners. The funding will be used to expand our sales and marketing teams, supporting the rapid acquisition of new customers in regions such as North America, Europe and Asia.
Patrick Newton, our CEO, said: “The venture debt facility provided by Shard Credit Partners further advances our ability to drive sales across key markets in North America, Europe and Asia, and helps strengthen our position as a geospatial AI leader. This long-term facility scales in line with our future sales growth as we help our new and existing customers leverage geospatial analytics to manage their ground assets and critical infrastructure with new insight and precision, in a cost-effective way.”
William Chappel, Head of Venture Debt for Shard Credit Partners, commented: “We are delighted to have been able to provide financing support to Rezatec Ltd as part of the recently launched Shard Credit Partners UK tech-focused venture debt strategy. Rezatec have a very exciting offering, and we are looking forward to working closely with Patrick and the team as they build their business globally”.