thedocyard ~ Case Study
thedocyard (ASX:TDY) is a global document, cloud-based deal space and file share management platform built specifically for managing the entire lifecycle of any corporate or commercial transaction. Their mission is simple. Establish TDY as a trusted business management technology partner for corporates and advisors.
thedocyard first came to us in 2019 as an up and coming deal management platform that had potential for a steep growth trajectory. They required capital to enhance their technology, expand their sales capabilities and ultimately cement themselves as a thought leader within the deal space. The company's aim was to emerge as a leading deal management provider in Australia and to subsequently expand into international markets.
To kick start their growth, Barclay Pearce Capital raised a $150,000 (July 2019) convertible note to expand their sales force/marketing function and to develop their technology capability. This was followed by a pre-IPO capital raise of $1.5 million (November 2019) to accelerate the company's expansion into the UK market and to support customer acquisition domestically. After establishing themselves as an industry disruptor in the deal technology market, Barclay Pearce Capital guided thedocyard through its ASX IPO raising of $4.1 million (February 2020).
Since listing thedocyard has shown significant growth with a 15% increase recurring net Monthly revenue, 169% increase in net new companies that have interacted with TDY and a 315% increase in net new users that have interacted with TDY.
Alongside these statistics, TDY's achievements include an established presence within the UK market, undertaking the acquisition of Complimentary Cloud-Based Software platform, LockBox Technologies.
Today, thedocyard is set to continue its running success with a Proposed Merger with Ansarada to form a leading global SaaS company in deal technology and information governance. This accelerates TDY's growth trajectory from a once ~$26M company upon IPO to a soon to be ~$125M+ market leader post transaction.
"Over the past 14 months, TDY has developed its story into an ASX listed multinational corporation and this transaction continues to build on that. The combination of technology, expertise, and proven success of Ansarada and TDY positions the New Entity as a global leader within the data storage, deal flow management, and information governance technology market. It's exciting news for all parties!"
Increase in Share Price since mandated
Capital Raised for thedocyard
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Barclay Pearce Capital Pty Ltd ACN 634 843 735
Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
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