Brite:Bill may seek to raise €40m

Business was co-founded by Alan Coleman and Jim Hannon in 2010

Alan Coleman co-founded the company Pic: Fearghal Ward

Brite:Bill, the fast-growing billing communications platform provider, is considering a new fundraising of up to €40 million.

The business, which was co-founded by Alan Coleman and Jim Hannon in 2010 did not respond to requests for comment.

Industry sources said however that Brite:Bill was seeking to raise a significant fundraising round to fuel its expansion overseas as well as allow some shareholders exit.

The company has a diverse range of investors including Enterprise ...