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Portfolio Exits

KEY PORTFOLIO STATS
21 3,000+ 5  



  Years of operation Jobs created Female-led businesses
Logistics Robotics Consumer services
Bybox OC Robotics Removal Stars/
Buzzmove
2003 - 2016 2001 - 2017 2014 - 2016

The UK’s market leading supply-chain solution specialist. Avonmore invested £150k in 2003 and sold the company in 2016 for £105m to a PE Fund, having increased its annual turnover from <£100k in 2003 to £70m on exit without any further equity funding. This won Avonmore the UKBAA "Angel Exit of the Year" in 2017.

A world leader in “snake arm” robots: multi-segmented robots following predetermined, real-time complex path around objects. The company grew to a profitable, multi-million turnover business off a single investment round of £400k in 2001 and was sold in 2017 to GE Aviation.

An online price-comparison and booking platform for the removals industry, Avonmore led its seed financing in 2014 and profitably exited the business via sale to White Mountain Insurance Group in 2016.

Enterprise software Adtech Adtech
Commerce
Decisions (CDL)
Tagman Specle
2001 - 2008 2010 - 2014 2009 - 2020

CDL’s AWARD software helped organisations manage large procurement decisions, audit and bidding processes. Avonmore led its initial £750k seed round in 2001. The company then raised a Series A and grew quickly into a profitable multi-million-pound turnover business before being sold to Qinetic Group plc in 2008.

Tagman was global leader in online tag management, enabling simpler and more effective management of online marketing tags/pixels and resulting data. Avonmore invested as part of an angel round in 2010 and subsequently invested further in its A Round that brought on board US VC Greycroft Partners and iNovia Capital. The company was sold in 2014.

Specle was the UK market leader in advertising delivery services, delivering over 50% of the national newsprint advertising volume. Avonmore led the initial seed investment into Specle in 2009 and was on the board until exit via MBO in 2020.

Telecoms Consumer Products Adtech
Omega Logic Pout Glow Digital Media
2001 - 2003 2003 - 2007 2012 - 2016

Omega Logic was a transaction processing company for the major UK mobile telecom operators and was at the forefront of installing in-store software for the electronic top-up for pre-pay mobile phones. Avonmore invested into Omega Logic in 2001 as electronic top-ups were booming and a successful sale was made in 2003.

Pout filled a gap for sexy, feminine and fun cosmetics and grew a cult following with minimal marketing spend. From our 2003 seed investment, Pout opened concessions worldwide, won distribution deals with Victoria's Secret and Sephora and grew turnover eightfold. The company was sold in 2007 to Catterton Partners, a PE Firm.

Glow developed a software platform to enable clients to optimise Facebook advertising campaigns. Avonmore provided seed funding alongside Project A Ventures and then brought in Series A investors Notion and White Star Capital. Avonmore exited the business after its sale to Spanish-based ADTZ in 2016.

Telecoms Consumer Services
Roadmap Systems Trouva
2018 - 2021 2013-2022

Roadmap was a Cambridge University spin-out developing ground-breaking technology in the field of optical telecommunication and data communication switching. Its technology and know-how focused on wavelength selective switches (WSS) which are an established part of modern telecommunication networks.

Trouva is a European wide e-commerce platform helping independent retailers sell their curated homewares and accessories more effectively than through their own dedicated websites. Avonmore invested in their seed round in 2013 and partially exited in a secondary round in 2017. The company was sold to MADE.com in 2022.