Luminii provides CDD support to Gresham House Ventures on their investment in Azarc

05 Feb 2024 /

Luminii are delighted to have provided Commercial Due Diligence support to Gresham House Ventures on their investment in Azarc, a business process automation company that uses technology to streamline cross-border supply chains.

Azarc's software platform helps businesses reduce costs in their international trade by automating customs clearances. Since its launch in 2021, the business’s highly scalable technology has already been adopted by leading companies, including BT Group. 

Addressing a significant cross-border trade market globally and particular challenges around UK trade caused by Brexit, the business offers a compelling value proposition for importers. Recent trials have demonstrated the platform’s potential benefits, including an 85% faster processing time, a 30% reduction in labour hours and a 75% decrease in errors for customs checks when using its technology.

The investment, will be used to expand Azarc’s team, support the development of further software capabilities, aid the evolution of the trailblazing company beyond its flagship solutions – the disruptive software Verathread® and Rune, an advanced automated customs clearance service and accelerate the company’s expansion into new international import and export hubs through the development of partnerships. Having been self-funded since its launch, this is the first external investment in the company.

"Luminii are delighted to have supported Gresham House Ventures on this transaction. This is yet another deal that helps to further strengthen our credentials in the Technology and BPA sectors. We wish Gresham and Azarc continued success for the future." Lushani Kodituwakku, Managing Director, Luminii Consulting

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  • The Luminii team did an excellent job of covering the project objectives set & provided us with invaluable research & information that helped us with our business direction & decisions. They understood our business needs and were thorough, diligent, and offered sound advice. We have since progressed well with market entry & have moved forward with one of their contacts who is now running our office in the target market in Spain. We would certainly recommend them to other businesses looking for support, thank you Luminii!

    CEO, Global Freight Company

  • We engaged Luminii for Commercial Due Diligence support on one of our recent investments and we were highly impressed with their high-quality report, professionalism, and flexibility. Luminii were able to address our key questions and due diligence requirements against a tight deadline. They conducted a robust primary research programme, consisting of referencing and surveys and we appreciated their timely updates throughout our engagement. Luminii's team is highly collaborative, showcased by how they worked with us as well as the Management team, other advisors, and our lenders, which we appreciated. We would not hesitate to recommend their services and look forward to working with them again in the future.

    Global Private Equity Firm with £14 Billion Fund

  • To date, Lushani and her team have supported me and Foresight on over 20 deals. They have consistently delivered high quality CDD reports, always against tight deadlines and to above expectation. They offer good value for money. Luminii are quick to understand our needs, offer sound advice and support on complex topics. Their ability to tailor the scope to our needs, focus on the core issues of each project and not being afraid to give their opinion backed by sound research and analysis is a great benefit to us. I would recommend their services without hesitation.

    Private equity investment firm with circa £4 billion of assets under management

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    Board of Directors of a global SaaS Company, UK

  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

    Private equity and venture capital with £9.1bn worth of funds under management

  • Lushani and her team at Luminii delivered a high quality CDD report that exceeded our expectations. We were particularly pleased with the post deal recommendations and informed opinions contained within the report. We wouldn't hesitate to use Luminii's services again on future projects.

    Leading mid- market private equity firm

  • We engaged Luminii Consulting for a very targeted piece of commercial diligence in a very short timeframe. Luminii produced an outstanding report exactly on scope in what is a niche market segment. Moreover they managed to produce it in a very short period of time which was essential to getting the deal done.

    Leading independent investment manager with funds of over £1 billion under management

  • We enjoyed a strong working relationship with Luminii Consulting. Their work went above and beyond the scope of the CDD and offered strategic insight and advice that has since helped us with both our post-deal strategy and business development.

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