Mimecast lists on NASDAQ

Press release 20 November 2015

Mimecast, one of the businesses supported by funding through the British Business Bank’s Enterprise Capital Funds programme, listed on NASDAQ yesterday.

The company received £3m funding from British Business Bank partner Dawn Capital in 2008 – a difficult time for the economy during which such early-stage investment was hard to come by. The investment helped them to expand internationally, most importantly in the US, to further develop the core platform and to add a number of new products.

The 7.75 million-share IPO was priced at $10, making the company’s total share value $540m.