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Peppermint secures over £10m in VC funding and appoints ex-Tikit new Chairman and CFO – UPDATED

In a move that will come as a major rebuff to its doubters, Peppermint Technology has secured over £10m of funding from leading venture capital firm Scottish Equity Partners (SEP) and hired former BigHand and Tikit CFO Mike Kent and former Tikit non-executive director Neville Davis to its board.

The cloud-based legal and dispute management technology provider, which was launched in 2010 with the backing of OLM Systems, said the investment and hires would be used to accelerate its growth and strengthen its bid to become the dominant IT player within the sector.

OLM Systems will remain as a shareholder in Peppermint, which currently has more than 5,000 users across 30 legal and dispute management firms, including the likes of Blake Morgan, Penningtons Manches and Ombudsman Services.