July 29 2020 - RiverFort Arranges £3M Funding Facility for Global Expansion.
Deep Verge (formerly Integumen), the vertically integrated, LSE-listed tech firm, secured a £3 Million, convertible funding facility, of which £1.5 Million was drawn down immediately.
Integumen’s CEO, Gerard Brandon, commented: “Integumen has built multiple revenue streams, guided £4m in revenue for 2020 and continues to expand product and service development programmes. This comprehensive loan facility has been designed to align with the Company’s guided revenue projection and provide sufficient working capital to maintain and build on that growth well into 2021. Our objectives for the next year see further opportunities to support the fight against COVID-19 and expansion of our Labskin services business into new regions and these funds will support that progress.“