News Archive 2016
Current News | Archive 2019 | Archive 2018 | Archive 2017 | Archive 2016
21st December 2016
Avonmore has led a seed-funding round into UK-based Ventrata (formerly Ticket Group), alongside other experienced angel investors. The company has developed "City Connect" a digital platform for leisure attraction ticket distribution and redemption on existing turnstiles and point of sales systems.
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.
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.