LMS Capital, the private equity arm of London Merchant Securities, has invested £2.5m (€4.06m) in Wesupply, the online supply chain solutions firm.
Wesupply will use the new funding to expand its operations in Europe, North America and the Asia Pacific region. Nick Habgood, who led the transaction on behalf of LMS Capital, said: "Wesupply continues to make impressive progress, despite the challenging market conditions, and is well-positioned to become a 'must have' solution in the manufacturing space." Wesupply has already secured 500 contracted users, including a number of blue-chip companies. It will soon open an office in Michigan in the US, as well expanding resources at the UK head office, and in the Asia Pacific office, based in Australia.
