About Bregal Milestone
Bregal Milestone is a private equity firm dedicated to investing in growing European middle market companies. The firm provides flexible non-control capital and strategic assistance to partners with owners across a variety of transaction situations.
Bregal Milestone Headquarter Location
Michelin House 81 Fulham Road
London, England, SW3 6RD,
+44 20 3958 3500
Latest Bregal Milestone News
Jul 7, 2021
Cork-based enterprise software company Teamwork has raised $70m (€59.2m) in its first round of funding. The 14-year-old company, co-founded by local web developers Peter Coppinger and Daniel Mackey, is getting the cash from the London-based venture capital firm Bregal Milestone. The deal does not disclose what Teamwork’s estimated private capital valuation is. Teamwork employs 270 people in five countries. It designs and sells software-as-a-service (SaaS) products such as project management, customer support and work communication tools. Competing with multinational tech firms like Atlassian and Zendesk, its products are mainly used by medium to large businesses. It counts entertainment giants such as Disney, Netflix and Spotify as customers. “We have been proud to be bootstrapped and to have built a product that over 20,000 businesses love, but we believe the time is right to take Teamwork to the next level,” said chief executive Peter Coppinger. “We have an incredible vision for the platform we are building. We aim to be the best place in the world to run any client-services team. This investment will allow us to achieve that vision faster, attract great staff and invest in faster growth.” Headquartered in Blackpool on the outskirts of Cork City, Teamwork has been eyeing expansion with office plans for a nearby plot of land. It has additional offices in Boston, Belfast, Amsterdam and Barcelona. Although the company declined to disclose any updated financial figures, it had projected revenues of €21m in 2018 and a company goal of €380m in annual revenue by 2028. 7 Things: Adrian Weckler on Tech Tech’s stars and turkeys rounded up and served to you every Friday by Ireland’s No. 1 technology writer. Enter email address
Bregal Milestone Team
1 Team Member
Bregal Milestone has 1 team member, including current Managing Partner, Cyrus Shey.