News Archive 2017
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December 13th 2017
It has just been announced that our sister firm in SE Asia, Cocoon Capital, has been appointed co-investment partner by SGInnovate. SGInnovate is the leading Singaporean government led innovation agency managing a USD148M government fund aimed at accelerating the growth of tech start-ups in Singapore.
7th December 2017
Congratulations to portfolio company Chattermill on the announcement today of its £600,000 fundraising round. We supported the business in its initial funding round in 2016 and all existing investors have increased their investment into the company. Chattermill is at at the forefront of using machine learning to analyse multi-channel customer feedback data at scale and already counts the like of Transferwise, Ocado, Just Eat and Deliveroo as clients.
14th November 2017
Trouva, an online marketplace for independent retailers and a company we backed in its seed funding round, has just announced a fantastic $10M Series A funding round from the likes of BGF Ventures, Index Ventures and Octopus Investments. It will be using this fundraise to open a tech hub in Lisbon as well as expansion of the marketplace to new shops in the UK and abroad.
6th November 2017
Avonmore has recently completed a small seed investment into CarelineLive a cloud-based software product suite that provides efficiency, engagement and and management tools for the growing, but fragmented, home-carer agency market.
10th July 2017
Avonmore are please to announce that they won "Angel Exit of the Year" at the UK Angel Investment Awards 2017 held at the Dorchester Hotel last week. This was for the sale of Bybox Ltd, an company seed-funded by Avonmore in 2003 and sold last year for £105M in a MBO backed by LDC.
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.