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Bridges backs schools project

By Mark Dunne on January 23 2007

A Birmingham-based manufacturer of products designed to motivate school children has secured a seven-figure investment. School Stickers received £1.42 million from Bridges Community Ventures, a venture capitalist that targets businesses in the UK’s most deprived areas.

School Stickers, which was established in April 2006 by former secondary school teacher Daniel Laurence, will use the funding to develop its business and will now be hiring more staff.

Bridges’ funding was co-ordinated by director Antony Ross who said School Stickers is 'an excellent fit' for the company as it’s based in a deprived area and reaches schools throughout the UK.

Ross, who was supported by associate Aleem Remtula, has joined School Stickers’ board as a non-executive director. Bridges has also appointed Stephen Garman as chairman, who has worked with the firm on several of its previous investments.

Bridges’ received legal services on its investment by Baljit Chohan at Wragge & Co, while ER Consultants and Tenon Group were appointed to handle the management and financial due diligence reviews respectively.

The firm has made more than 20 investments. This is the second from its Bridges Community Development Venture Fund II.

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