Marketing Tech company MRM Global secures £2m of funding from Virgin Money to fuel US growth
We’re delighted to share that we’ve secured debt funding of £2 million from Virgin Money to support our rapid expansion in the USA.
Robert McKenna, our Chief Financial Officer, commented,
“We’ve just signed a transformational contract with the USA’s largest wine and spirits distributor and as a result we are investing in building our team in the USA and continuing to invest in the development of our marketing technology platform “hyble”.
We’re highly confident in our growth trajectory and our opportunities in the US so we were specifically looking for a non-dilutive financing option to fuel our expansion.
Virgin Money’s debt proposition was exactly what we were looking for and after completing a very thorough due diligence process we were delighted to complete the transaction with Virgin Money.
Virgin Money’s unique proposition and their unwavering support for Scottish businesses impressed us, we highly recommend them as a funding partner for other Scottish Companies”
Catriona Penny from Virgin Money shared,
“Virgin Money Venture Debt is delighted to have completed a new funding package to support the growth plans for MRM Global Limited, an Edinburgh based, sector leading marketing technology company providing a disruptive service to global drinks distributors.
Their innovative technology makes it easier, faster and more sustainable for global drinks brands to create customized and compliant point-of-sale marketing. Our funding will help accelerate their growth globally, in particular for their new contract win in the USA.
We warmly welcome Craig Letton (CEO), Rob McKenna (CFO) and all the MRM team to our portfolio of high performing companies.”