Finance Monthly - April 2023

About the Deal AutomatePro, a cloud-based intelligent test automation and DevOps software provider, has received a £5 million investment from YFM Equity Partners (YFM) via its British Smaller Companies VCTs. AutomatePro’s patented software is aimed at removingmundane and repetitive tasks from development teams, ensuring software remains up to date and runs efficiently. The software is particularly useful for companies operating in heavily regulated industries, including financial services and pharmaceuticals, enabling them to maintain robust, compliant documentation and adhere to strict quality control and audit standards. YFM’s investment will fund AutomatePro’s sales, marketing and customer success functions, develop new product modules, and help the business expand into the US to meet the growing demand from ServiceNow’s existing ecosystem. The YFM team consisted of Roshan Puri, Ben Pitt and Jamie Roberts. The AutomatePro team included Paul Chorley, Wayne Devonald, Steven Zhang, Martijn Leentjes, Andy Cooke and Dan Ellis. Advisers to YFM on the investment included Irwin Mitchell (legal), Pegafund (financial due diligence), Confidas People (organisational due diligence), Sales Blueprint (commercial due diligence), Code&Co (technical due diligence), DTE Group (tax due diligence) and Philip Hare & Associates (VCT advice). Advisers to AutomatePro included K&L Gates (legal) and Mountside Ventures (corporate finance). YFMEquity Partners’ £5 Million Investment in AutomatePro Corporate Finance Adviser to AutomatePro: Tr ans ac t i on Repor t s 68 Finance Monthly.

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