Many of you will have seen Holly and Sophie on the front page of The Sunday Times’ business section this weekend. Hugely exciting news, the article announced an investment of £7.5 million led by Index Ventures, who were joined by Greylock Partners. This funding will enable us to expand the team, enhance the website and underlying technology and to invest in other initiatives to improve the offering to our sellers and customers.
Commenting on the transaction on behalf of the company, Holly Tucker, Executive Chairman, said: “We are delighted to have such experienced and successful internet investors as Index Ventures and Greylock join Venrex and SPARK as shareholders. With their support we will strive to offer our customers the very best personalised online shopping experience and support our small business partners every step of the way.”
Ben Holmes, Partner at Index who will join the board, commented: “Consumers are increasingly looking for unique and personalised items, which are ever harder to find in today’s retail market. Holly and Sophie and their dedicated and passionate team have succeeded where many others have failed in using the internet to transform the way small businesses can find customers and transact online.”
Laurel Bowden, Partner at Greylock Partners, added: “Notonthehighstreet.com is one of the most innovative and original e-commerce businesses to come out of the UK with the future capability to support thousands of small businesses in Britain and abroad.”
Watch this space for exciting developments!