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Home > About Us > Press Releases 2010 > myRad.io Investment by EEDA PR - startup investment for SAAS company


22 February 2010
Cambridge, UK

LEADING BUSINESS BROKER BEANSTALK MANAGEMENT SECURES VITAL INVESTMENT FOR MYRAD.IO

Beanstalk Management, the innovative corporate advisory house specialising in the small and mid-market, has successfully completed a funding round on behalf of myRad.io. Selected as exclusive advisor, Beanstalk Management has drawn on its deep understanding of the internet sector to put together a powerful and sophisticated value proposition securing vital funding needed to take the myRad.io concept to the next stage of its development.

myRad.io enables users to listen to everything and everyone all together, ensuring they are up to date with information that is relevant to them without having to look for updates. It works by bringing together content such as text-based SMS, emails, news feeds, status updates, wall posts, tweets and blogs and converting it to speech that can then be listened to on a PC or mobile device.

"The Beanstalk guys were great - and had a different approach to what I was expecting. Their industry experience and management consulting backgrounds really helped extract the magic and refine what myRad.io is about," said Duncan Barclay, CEO of myRad.io. "It would have been a struggle to make the progress we have without the quality of our business plan and the superb mentoring provided by Beanstalk," concluded Duncan.

"Beanstalk's unique mix of capability, insight and attitude matched myRad.io's needs perfectly," said Beanstalk Management Director, Matthew Byatt. "After putting together a clear and comprehensive investment case we brought myRad.io's proposal to a carefully selected audience of prospective funders. As a result myRad.io secured the funding needed to take the concept to the next level and start to fulfil its undoubted potential, and we're delighted for them."