Geniac, which was co-founded by ex-Accenture consultants, Michael Galvin and Eduardo Martinez, offers an ‘office as a service’ platform which combines a range of accounting, tax, legal, HR and corporate administration solutions into one service. Users can set up fully functioning support within 24 hours and gain access to a range of specialists, while the service is designed to scale up to meet fast growth.

Eduardo Martinez, co-founder of Geniac, said: “Many entrepreneurs don’t know what's required in establishing and running a business and have to resort to bringing in individual specialists, which is time consuming, expensive and rarely joined up. We created Geniac to integrate all the specialists and tools a growing business needs, giving business owners complete visibility, peace of mind and the time to get back to doing what they love.

The deal will see GT provide growth funding for Geniac as it looks to rapidly build scale in the UK, along with mentoring and other resources for its founders. Operating as an independent entity, Geniac aims to create up to 400 new jobs throughout the UK in 2015/16.

Mark Cardiff, partner at GT, said: ‘Mike and Eduardo have ambitious intentions to level the playing field between large and small businesses, in terms of the quality of support and tools available to small businesses. This will go a long way in accelerating the growth of Britain's next generation of businesses and help develop a more vibrant economy. We got the Geniac idea immediately and the business' potential really attracted us to the team. We look forward to working with them to help support growth in dynamic small businesses.’

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