UK ‘expert crowdsourcing’ company blur Group announced yesterday that they have appointed financial adviser Singer Capital Markets to prepare for a potential listing on the London Stock Exchange.
The blur Group was founded in 2005 by entrepreneur Philip Letts and aims to provide a unique service where companies can connect with potential clients by submitting a project brief online and receiving pitches. The potential AIM listing would be the fourth round of funding already received by the company, following investments in 2009, 2010 and 2012 totalling around $2m.
The appointment follows a successful two years for the business since their Global Services Exchange was launched in 2010. The Group announced earlier this month that it had received over 1,000 briefs since the launch of the Exchange, with the total value of these briefs around US $14m.
Philip Letts, CEO of blur Group, said of the appointment: “Singer has demonstrated a clear understanding of the market in our field and we look forward to receiving its detailed analysis and advice. The UK has a poor track record of establishing, developing and nurturing game changing technologies, particularly in the internet and broadband age and especially when compared to the USA and the West Coast in particular.
We are confident that we have the right foundations in place to ensure that blur Group becomes the successful, UK headquartered, global player that the UK tech sector needs.”