Tughans has advised TeamFeePay on a £9 million investment led by YFM Equity Partners, the Investment Fund for Northern Ireland, managed by Clarendon Fund Managers, and Techstart with additional participation from private investors.

 

The investment will support the company’s plans to expand its operations across the UK and into Europe, enhance product development and increase capacity through the creation of up to 75 new roles over the next two years.

 

TeamFeePay currently supports more than 1,500 clubs and almost 300,000 users, and the investment marks an important step in scaling its technology and operational capability.

 

Tughans is pleased to have supported TeamFeePay on this important milestone as it enters its next phase of growth in the UK and European markets.