News

16th June 2017

Trouva, a company we backed both in its initial funding round in 2013 alongside Octopus and Index and then subsequently, has just won the award for Hottest Retail/e-commerce start-up at the 2017 Europas Awards

12th June 2017

We are delighted to announce the successful sale of Avonmore portfolio company OC Robotics to GE Aviation. From 2001 and founders Rob and Andy presenting a few drawings in Rob's garage in Bristol, OC Robotics has grown to world-leading specialist robotics manufacture without any further equity funding. OC Robotics employs a fantastic team of software and mechanical engineers in Bristol and we wish them all the very best for the future

9th February 2017

Audiense, a company we provided seed funding for in 2012, has just announced that Mel Morris, former seed investor and chairman of King Digital Entertainment (of Candy Crush fame) is supporting the company's growth plans by personally investing £3.8M into the business.

 

1st February 2017

Following their acquisition of the managed service business of MBA IT last month, Virtual IT has just completed the purchase of Flint IT Ltd, a company in the same space of providing world-class outsourced IT support to small and medium businesses. Terms of the deal have not been announced.

 

26th January 2017

It's just been announced that portfolio company Trouva.com has been picked as one of Tech City UK's British startups to watch as part of it's Upscale programme. 

 

2nd January 2017

In a very good start to 2017, Avonmore portfolio company Virtual IT has just acquired the managed services business of MBA IT, a company in the same space of providing world-class outsourced IT support to small and medium businesses. Terms of the deal have not been announced.

 

21st December 2016

Avonmore has led a seed-funding round into UK-based The Ticket Group, alongside other experienced angel investors. TTG has developed "City Connect" a digital platform for leisure attraction ticket distribution and redemption on existing turnstiles and point of sales systems. It also offers "Ventrata" a mobile-first point of sales system for attractions, tours and activities that run on the City Connect platform.

 

7th December 2016

Cocoon Capital, an early-stage VC focussing on South-East Asia and India and started by Avonmore co-founder, Michael Blakey, announces it's first, US$7M fund, backed by over 28 worldwide family offices and prominent angel investors.

 

2nd November 2016

Audiense announces that it was chosen as an official launch partner of automated quick replies and welcome messages on Twitter with brands such as The Economist.

 

22nd September 2016

Trouva announces 50% month on month growth through its platform from independent boutiques,

 

15th August 2016

We are delighted to announce the successful sale of our stake in Buzzmove, an online price-comparison and booking platform for the removals industry, to White Mountain Insurance Group as part of Buzzmove’s Super-seed round. We led the initial seed investment into the group in 2014 and subsequently invested further. Huge congratulations to CEO, Becky Downing, at the rest of the team.
 

5th August 2016

We are delighted to announce the successful sale of our stake in Bybox, the UK's leading market leading supply-chain solution specialist. Avonmore first invested in Bybox in 2003 and during the time of our investment grew from a turnover of £100k/annum to over £70M/annum without the need for any further equity financing. A successful exit was achieved through an MBO backed by Lloyds Development Capital that valued the business at £105m.
 

2nd June 2016

Portfolio company OC Robotics LaserSnake robotic arm has successfully completed its second laser current trial for Sellafield (nuclear reprocessing plant). The snake-arm robot combined with the ULO laser process head has shown itself to be a versatile system for in-situ nuclear decommissioning tasks.
 

25th May 2016

Congratulations to portfolio company Buzzmove for its inclusion in the Disrupt100 list of international businesses most likely to influence, change or create new growth markets. 
 

11th March 2016

Porfolio Company Socialbro Rebrands as Audiense better underpin its focus on delivering deep and actionable social media campaigns to customers such as Universal Music and DHL.

 

8th March 2016

Avonmore is delighted to announce that portfolio company, Parcelbright, an online platform that allows SME’s to optimise their UK and International parcel delivery rates, has been sold to Veeqo. 
 

1st March 2016

Avonmore cofounder, Michael Blakey has been included in the Maserati100 list for 2016 - a list of Britain's most successful philanthropists, investors, mentors and ascending entrepreneurs, who are supporting the next generation of up and coming businesses.
 

29th February 2016

Avonmore is delighted to announce that portfolio company, Glow Digital Media, has been sold to Spanish social media firm, ADTZ. Terms of the deal remain confidential. 
 

15 February 2016

Avonmore is delighted to announced that it has participated in the seed round funding of Chattermill Analytics, a start-up out of the Entrepreneur First Accelerator programme.