Pannone Corporate advises on seed funding for transformative tech company
Pannone Corporate has advised on the £1.5 million seed fundraise for transformative technology company Sticky.
Sticky has developed unique branded stickers – ‘stickies’ – each embedded with the company’s innovative near field communications-based technology (NFC). The creative stickers can be placed anywhere within stores, venues and other physical spaces. Consumers simply tap them using their phone, without an app, sign up or opening their camera. Sticky remembers you without an account. Every sticker is unique, so consumers never have to choose where they are. The tech company has already generated more than one million ‘taps’.
The fast-growing start-up has been backed by prominent UK venture investors to help drive growth in the leisure and live events markets worldwide. The fundraise was led by Praetura Ventures, with backing from Cornerstone Partners. Follow-on funding was provided by SFC Capital, as well as new angel investors.
Pannone’s corporate team advised technology entrepreneurs and Sticky co-founders James Garner and Priscilla Israel. The team included corporate partner Tom Hall and Behzad Borang.
Tom Hall said:
“Sticky is a hugely exciting business which is making physical spaces more engaging and revenue generating.”SPACING:
“In a short space of time, the business has grabbed the attention of global players through its simple no-low-code solution – one which enables brands to capture the attention of consumers in physical environments and let them achieve something or pay for something in 10 seconds or less. This fundraise is another significant milestone for the company and the start of an exciting journey for James, Priscilla and the team.”
Priscilla Israel said:
“With one tap of a sticky, an interaction or payment is complete in 10 seconds or less. By applying this technology to their payments stack or replacing it entirely, our customers can turn any physical location into a point of sale, increasing revenue and customer satisfaction. Happy customers spend more money.”
James Garner added:
“Our seed funding will help us become the leader in consumer leisure and other markets, whilst letting the world build software for physical spaces 10x quicker than before. We won’t stop until every interaction in a physical space is 10 seconds or less.”
In The Style: founder defends rival’s claim he stole his idea
“There’s no such thing as a new idea”, or is there? Earlier this year, the High Court found in favour of Adam Frisby, the millionaire founder of In the Style, having dismissed claims raised by Paul Clements that Mr Frisby had stolen his idea for the retail business.
Battle of the supermarket giants
The ongoing debate about where the line is drawn between misrepresentation and inspiration continues, following a high-profile judgment in a dispute between two supermarket giants.
Technology and retail – bringing two worlds together
Technology in the retail sector can have a transformative quality that changes the way that brands interact with consumers. Last year, 100% Group carried out market research to find out what both brands and marketing agencies were planning for the year ahead.
Transforming retail spaces: when one door closes, another opens
Every day last year, 47 retail sector businesses shut up shop for the final time, resulting in 17,145 high street shops closing for good, according to the latest 2022 figures.
Our quarterly retail update is designed to bring you the latest news and legal developments relevant to the retail sector. If there are any areas you would like more information on or if you have any questions or feedback, please do not hesitate to let us know via our feedback form or get in touch with any member of our team.
Copyright in this publication is owned by Pannone Corporate LLP and all rights in such copyright are reserved. Pannone Corporate LLP is a limited liability partnership registered in England and Wales with number OC388393. Authorised and Regulated by the Solicitors Regulation Authority. A list of members is available for inspection at the registered office, 378-380 Deansgate, Manchester M3 4LY. We use the terms “partner” to refer to a member of the LLP.