Fidelity Growth Partners Europe Leads a £10m Investment in Online Marketplace notonthehighstreet.com
LONDON--(BUSINESS WIRE)--
Today, notonthehighstreet.com, the award-winning online marketplace, announced a Series D investment of 10m led by international investors Fidelity Growth Partners Europe (FGPE) and supported by previous investors, Index Ventures and Greylock Partners.
Notonthehighstreet.com offers curated collections of original and inspiring products from the best small creative businesses. Now in its sixth year, the company has grown its initial network of 95 small business partners to over 3,000 who sell over 50,000 products between them.
This fourth round of investment will allow notonthehighstreet.com to continue growing its offering and brand whilst investing in technology to remain at the forefront of innovation. Having recently launched multi-currency functionality, the investment is a vital step in enabling notonthehighstreet.com to reach consumers globally whilst also exploding the growth of the company in the UK. The growing consumer trend of rejecting the generic and mass produced continues to be matched by the companys plans to expand internationally with its curated offering of high quality unique products.
Holly Tucker, CEO and co-founder of notonthehighstreet.com said of the investment:
We are thrilled to be working with FGPE which has over 40 years of experience supporting businesses such as ours to help provide the expertise, resources and connections required to take us to the next level. With them, we will expand the opportunities in the UK by supporting more talented small UK businesses and so becoming the number one destination for original, thoughtful products which celebrate what matters to an individual."
Davor Hebel, partner at FGPE, commented: In a few short years notonthehighstreet.com has successfully reached a significant portion of the UK population through its unique gift offering.The companys phenomenal success to date is reflected in its outstanding performance and the many industry awards it has won. We are very excited to be part of the next phase of the companys journey as it looks to transform the global gifting market.
Davor Hebel from FGPE and Laurel Bowden from Greylock Partners will join the board of notonthehighstreet.com.
Ends
Note to Editors:Holly Tucker, Sophie Cornish and Davor Hebel are available for interview.
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Fidelity Growth Partners Europe Leads a £10m Investment in Online Marketplace notonthehighstreet.com
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