Lincoln-based Panoramix has secured a £250,000 follow on debt funding package to implement a comprehensive marketing strategy aimed at expanding its client base, particularly in the US, where it has already seen strong demand.
The funding comes through the Midlands Engine Investment Fund II though Maven Capital Partners, appointed Fund Manager for East and South East Midlands.
Panoramix is a specialist intellectual property law firm delivering legal services to both UK and overseas businesses,
Founded in 2019 by IP law specialist Kevin Hanson, Panoramix offers a flexible, attorney-led service without the billable hours model commonly used across the industry. Instead, the business offers fixed fees based on task complexity and value, allowing clients to benefit from transparent and efficient services.
Panoramix supports a range of clients from start-ups and SMEs to multinational corporations across various sectors, including technology, healthcare, retail, and manufacturing. It is also one of the few UK-based IP firms authorised to conduct US trademark work, holding direct practice rights with the US Patent and Trademark Office, which enables it to provide UK clients with cost-effective US IP support.
The funding will also enable the company to recruit additional staff, including a client relationship manager, an administrative support role, and a part-qualified patent attorney to support its growing operations.
Kevin Hanson, founder of Panoramix, said: “The support from Maven and the Midlands Engine Investment Fund I in 2022 was critical in enabling us to establish our business in the East Midlands and grow our client base nationally. With further funding through Midlands Engine Investment Fund II, we intend to double our headcount and turnover within the next 24 months. This will involve development of new service offerings and expansion into new international markets. The future is looking very bright as we continue to revolutionise the IP legal services industry.”
