13th March 2018
It has just been announced that portfolio company Virtual IT has been awarded the 'Just IT Apprenticeship Employer of the Year Award' for the category of up to 150 employees, as well as being a finalist in another segment. Whilst investors tend to focus on top and bottom line growth, providing a good working environment/training for staff we consider equally important for both attracting and retaining good employees. Congratulations to the whole Virtual IT team for this great award.
7th March 2018
Avonmore has recently completed a significant investment into Reposit. Reposit offers Renters/Landlords an insurance alternative to the, often financially-onerous 6-week deposit required for residential lettings, replacing it with a simple 1-week’s fee. This helps both renters, who often have to borrow in order to pay for deposits, but also landlords who can now offer their property to a wider pool of potential renters but with the same security as the traditional deposit scheme. Further details will be released in due course.
12th February 2018
We are pleased to announce that Specle Ltd, the UK's leading advertising-delivery service, has just launched xcolor.io, the world's first cloud-based, SAAS colour-conversion engine. This replaces the dedicated servers/location specific/high set-up costs from other colour management solutions with a simple, fixed-fee, web-based service.
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.
1st November 2017
Ticket Group has recently completed its next-generation ticketing product suite for the attractions and leisure industry and have now launched a completely new website to reflect this. TG already has successful installations running in both Europe and the US and is processing tens of millions of dollars of ticketing revenue per annum.
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
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.