The Cork-based productivity software company Teamwork has raised $70m (€59.2m) in its first round of funding. The 14-year-old company, co-founded by Peter Coppinger and Daniel Mackey, is getting the cash from the London-based venture capital firm Bregal Milestone. Bregal Milestone provides “growth capital and strategic assistance” to support companies in the technology and technology-enabled services sectors. It part of Bregal Investments, a global investment firm that has invested over €15 billion to date. Our strategic investment will significantly accelerate Teamwork’s ambition to become the world’s leading project management SaaS platform for client services companies.”

Source: Irish Independent July 06, 2021 16:15 UTC