British technology startup Rosslyn Analytics has raised £2.1 million for a final expansion push ahead of a New Year flotation on the Alternative Investment Market (AIM). According to a report by The Telegraph, the funding round was brokered by UK-based securities firm Cenkos Securities. Cenkos will also serve as adviser on Rosslyn's initial public offering.

Edinburgh-based investment manager Amati Global Partners also joined the funding round. IQ Capital, Rosslyn's principal investor, also invested as an existing investor, the report said.

The Telegraph said the new cash will be spent on expanding the company's sales and marketing operations as well as on product development.

Rosslyn chief executive Charles Clark told The Telegraph that Cenkos is already taking orders for the float. The data management company seeks a valuation of up to £100 million in an IPO slated early next year, Clark disclosed to the UK newspaper.

Rosslyn provides an online service that processes spreadsheets and other data and yields an array of statistics and graphs to help customers analyze procurement and supply chain. Rosslyn's customers include Coca-Cola and Aberdeen Asset Management, the report said.