Marc d’Abbadie, Phil Spratt, & David Walters
Press Release:
River Capital EIS AI Fund ‘fund:AI’ has led an investment into Liverpool based competitor intelligence platform Deltabase as part of an investment alongside Manchester based AI investor EHE Ventures.
Founded in 2019 by experienced advisory consultants, Phil Spratt, Alastair Whiteley and David Rowe, Deltabase provide human capital intelligence for HR decision-makers and global advisory firms including KPMG, PwC and Mercer in the UK and North America.
The award-winning Deltabase AI and deep data platform enables firms to measure and benchmark their company culture, talent and workforce makeup which are increasingly important variables within the modern workplace and, in particular, in M&A transactions.
Having recently re-located to Liverpool from London, Deltabase represents another inward investment into the North and in particular into the Liverpool City Region.
Phil Spratt, CEO of Deltabase said:
“We’re incredibly proud of what we have built so far with the support of our team and our customers, and this investment round marks the start of a new phase of scaling for us. With many organisations facing into the impact of AI on their business, taking a workforce-led approach, guided by data and insight is a key enabler to success. We’re excited about the opportunity ahead of us as we seek to help HR leaders and people & culture focused advisory teams be more data-driven across the key areas of culture, talent and workforce. In River Capital and EHE Ventures we see two incredibly powerful partners that bring valuable technology & AI expertise and hands-on development support that will help us scale Deltabase at pace.”
David Walters, Investment Director at River Capital added:
“It’s exciting to finally announce this deal which has been in development for some time. We met the company over 12 months ago and are delighted that we were in place to support the company as they became ready for investment. The current Deltabase client list is impressive and revenue is already well advanced. We now hope to support Phil, Alastair, David and the team as they start to bring their Direct to Business products to market, so allowing any company to benchmark their human capital initiatives.
We are also delighted that Deltabase have chosen Liverpool as their head office representing more inward investment into the city.”
The deal was advised for management by Alex Stewart of Knight Corporate Finance and by Daniel Hayhurst of Brabners LLP who provided legal support for the River Capital Investment.