The transaction was supported by Thorntons’ Ventures and Innovations team, who provided strategic legal advice throughout the fundraising process.

The team worked closely with Hosel from the early stages of the deal, advising on the preparation of the initial term sheet, and ensuring that the structure of the transaction aligned with Hosel’s commercial objectives while supporting future growth and investment readiness. It then continued to guide the negotiations of the main transaction documents towards the successful completion of the deal.

The transaction was led by partner Alistair Lang, with senior solicitor Hannah Smethurst managing the transaction on a day-to-day basis, supported by Solicitor Frankie Cusack.

In parallel with the fundraising, Thorntons’ intellectual property team is working closely with Hosel to develop bespoke marketplace vendor terms and conditions. This work will help to clarify and govern the relationship between sellers and buyers. It will also ensure Hosel has the legal protection it requires as it pursues its ambitious growth plans.

Andrew McGinley, CEO & co-founder of Hosel, said: “As Hosel continues to scale, it was important for us to work with legal advisers who understood the realities of high-growth businesses and could navigate complex investment structures pragmatically.

“Throughout the process, Thorntons provided commercially minded support, particularly around coordinating multiple angel conversions and ensuring the wider transaction sequencing worked effectively for all parties involved.”

Mr Lang said: “This was an important fundraising milestone for Hosel. From the outset, our focus was on providing clear, commercially driven advice that would enable the company to complete the investment successfully and position it strongly for future growth.

“We delivered an efficient and collaborative transaction, alongside bespoke intellectual property support to underpin the platform’s long-term development. This deal is a strong example of how our Ventures and Innovations team and more broadly, Thorntons as a firm can support ambitious, high-growth businesses at every stage of their journey.”