The investment in the internet-based vendor was led by St Paul Venture Capital, with further support from 3i, Accenture, American Express and JP Morgan/H&Q.
As well as product development, the company said the proceeds from the round will be used for marketing, branding and consulting.
‘Given current investing conditions, we are delighted that our investors continue to show faith in our company,’ said Adaytum CEO Guy Haddleton. ‘This new infusion of capital comes on the heels of growing momentum for our solution in the market.’
The announcement follows the decision by the company in January to make 18 of its UK administration and support staff redundant.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
The established building and heritage restoration company has ceased trading following the loss of major tenders