We are delighted to announce that Shackleton investee, PanInsight (trading as Panintelligence) has secured fresh investment from YFM Equity Partners and Cohmar Capital.  The £4.5 million transaction will allow the company to pursue its next phase of growth and allows a partial cash exit for Shackleton and other founder investors.  This also represents Shackleton’s 22nd profitable realisation.

PanIntelligence is a rapidly scaling data visualisation, reporting and analytics software developer.  Its ‘Pi’ suite of software enables businesses to use data in almost any format to trigger bespoke reports, and to visualise trends in real-time, helping businesses to lower costs and inform strategic decisions.

Originally developed within Shackleton’s former portfolio company Pancredit, the software has a security-first ethos that has proved successful in highly regulated sectors including financial services, healthcare and education.  Shackleton facilitated the formation of PanInsight in 2014 in parallel with the sale of Pancredit to Equiniti.

The business, now led by CEO Zandra Moore, CTO Ken Miller and operations director Charlotte Bailey, has grown from 6 to 40 staff at its Leeds head office.  Funds from the new investors will allow the team to continue its expansion in the UK and internationally.

Zandra Moore said: “We’re immensely proud to have grown from a handful of people into a leading-edge BI software business with international clients.  This Series A capital allows Panintelligence to take advantage of the huge opportunities we are seeing in global markets, particularly the US. We chose YFM and Comhar as our partners as we felt they shared our ambition to grow the business in the right way to maintain the culture and the brand.”

Mike Clarke from YFM and Craig Wilkinson from Comhar Capital will also join the Panintelligence board.  Shackleton Partner, Deborah Hudson, who has chaired the company since its formation will also remain a director.

Deborah Hudson, said “It is not often that we, as secondary investors, get a chance to work with companies in their early stages of formation and growth.  We have really enjoyed the journey so far and are particularly grateful to Mike Cripps, the company’s original CEO who established the company and set it on its successful growth path.  We now look forward to the next phase with enthusiasm, in the knowledge that we will be joined by some excellent new partners.”

Mike Clarke, investment director at YFM, said: “We quickly saw the value that Panintelligence delivers to its customers through an embedded product. The Pi Dashboard has the potential to be deployed across the globe.  Panintelligence is exactly the type of high-growth business we want to support and fundraising now makes perfect sense. We are bringing the capital that will enable Zandra, Ken and a first-rate executive board to drive the business forward.”