Tughans has advised Belfast-based software company Obbi Golf on its £1.25 million investment, which will be used to accelerate growth plans and for the creation of 14 jobs. The award-winning software product is helping to change the way golf clubs manage their compliance, safety and training, and the company has already signed many customers across the UK and Ireland, several of which are in the Top 100 clubs in the world.
The tech start-up secured investment from TechStart Ventures and a small number of individuals, led by the renowned tech entrepreneur Patrick McAliskey, who is also joining Obbi Golf as its new Chairman. The investment comes after an exceptional first year in the golf sector, generating interest on a global scale.
Obbi Golf’s innovative product mitigates risk and eases the management of golf clubs, and is supported by many leading stakeholders within the industry, all of whom are focused on making golf clubs safer. The product works across all departments including greenkeeping, hospitality and operations, to provide an “at a glance” view of compliance obligations and the means to address issues immediately.
Tughans team was led by Corporate Partner, John McGuckian, with support from Corporate Associate, Brendan Donnelly. FPM acted for the company from a financial/tax perspective.
Commenting on the deal, John McGuckian, Corporate Partner at Tughans, said:
“We really enjoyed working with Gareth Macklin and the Obbi Golf team as they secure this funding, which will greatly accelerate their plans for disrupting the golf sector. Tughans have vast experience advising on software investments both for investors and investee companies, so we pleased to be able to assist Obbi as they seek to make golf clubs safer for all.”
For more information on Tughans’ market leading Corporate practice, please click here