News Archive

27th November 2019

Congratulations to portfolio company Trouva for closing it’s latest round of funding of $21M and the launch of the trouva.de website. This now brings the amount raised to approximately $36M since we were part of the consortium that provided Trouva’s initial seed funding in 2013/14. The company has launched into several European territories allowing consumers to effortlessly buy beautiful homeware and accessories, cross-border, from the very best independent retailers.

1st September 2019

Portfolio company Virtual IT has just completed it’s latest acquisition; Managed Service Provider Yellowspring IT based in Basildon Essex. This significant acquisition in Virtual IT’s roll-up strategy follows several other acquisitions and takes company to over 10,000 supported users and continued enhancement of both top line and profitability.

18th July 2019

Delighted to announce that we’ve recently completed our newest seed-stage investment in VineHealth. Rayna and Georgina, Vine’s founders, are two experienced individuals tackling the duel problems of helping cancer patients monitor their disease and also collecting Patient Reported Outcomes (PRO data) that is needed for new drug trials. This is also the first £1M+ seed round for an all-female funding team out of Entrepreneur First and so really welcome news for the UK tech scene.

13th June 2019

Avonmore partner, Simon Blakey, has been appointed as a non-exec advisor and Investment Committee member at Playfair Capital.

Playfair, which recently launched its £25M seed/early-stage Fund 2, has Playfair's founder, angel investor Federico Pirzio-Biroli, as its sole LP and therefore has much the same mentality and passion for supporting start-ups as we have at Avonmore Developments. Really excited to be working alongside them and seeing what interesting deals the next few years will bring!

28th March 2019

Portfolio company Reposit has just announced a fantastic distribution deal with utility and agency management software platform, Tenant Shop (TS), to distribute Resposit’s FCA-regulated, rental-deposit alternative product. Over 1,000 UK letting agents use the Tenant Shop platform and Reposit was selected by TS as best-in-class after an extensive due diligence process.

21st January 2019

Congratulations on Hubble, a small Avonmore investment from the Entrepreneur First 2 cohort, in raising a £4M Series A from a group of industry investors, led by JLL Spark Global Ventures. Hubble is aiming to be the global broker for flexible office space and this fundraise is testament to the demand they are experiencing for their service.