Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Proactive Investors New York bound after securing £3.3mln of private equity investment

The expansion into the US will be overseen by Proactive’s co-founder and chief executive, Ian Mclelland
Proactive Investors New York bound after securing £3.3mln of private equity investment
The land of opportunity? Proactive is setting up a newsroom and sales operation

Proactive Investors is opening a New York newsroom after securing £3.3mln of private equity funding.

The expansion into the US will be overseen by Proactive’s co-founder and chief executive, Ian Mclelland, who has recruited an experienced team to assist him.

Business development will be led by Brian Loper, a technology start-up specialist, while the US editorial team will be headed by Paul Curcio, former managing editor of TheStreet and a senior financial news reporter for the Associated Press.

Headquartered in London and with offices in Sydney and Vancouver, Proactive is the go-to source for breaking news on growth companies.

Events and research 

It also boasts a highly-regarded events business and has branched into digital services and sell-side research.

The plan is to replicate the UK operation in New York, the only other tier-one capital market in the English speaking world.

The funding is being provided by Mobeus Equity Partners, which is taking a small minority stake in the business.

Amit Hindocha, who led the deal for Mobeus, will be joining the Proactive board alongside Colin Garrett, a veteran non-executive with a track record of growing UK businesses into North America.

Pleased and excited

Proactive CEO Mclelland said: “It is extremely pleasing to have closed this funding with Mobeus – an investment we believe will transform Proactive.

“As this is the first outside funding we have ever received it was crucial we found the right financial partner and people for what we believe is going to be an exciting journey.

“In Mobeus we believe we have the former and in Amit and Colin the latter.

“It is worth noting that to date Proactive has been self-funding. It is testament to the committed and professional team and their efforts that we have secured this financial backing.”

Proactive was founded in 2007 when Mclelland and UK managing director Craig Ribton decided to turn their investor blog into a business.

The company now works with around 500 clients in the UK, Australia and Canada.

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

Apollo 11
February 22 2018
Immersive VR, a technology company focused on the education space, was the first company Sure backed
Clint Eastwood
May 25 2018
The group’s first piece of original content, a documentary called Pandas, premiered on 24 March this year, to positive reviews.
Media junkie
February 13 2018
In modern parlance, Ebiquity is making a pivot towards becoming the "world's leading tech-enabled marketing and media analytics consultancy"

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use