March was a challenging month for businesses around the world, as we adjust to an unprecedented and challenging environment. In times of difficulty and uncertainty, we feel it’s important to highlight the achievements of our portfolio companies, whether this be commercially or in helping the wider community.
Mailchimp acquires Courier Media
Mailchimp, the marketing automation platform, has acquired Courier Media beginning of this month. Courier, the British magazine, that focuses on content for entrepreneurs and small businesses, says they’ve found “a perfect fit with a company who loves what we do today on a small scale, and who can help us impact millions more people on a level we could never have achieved on our own.” The terms of the deal were not disclosed, but will help Mailchimp expand internationally.
Paysend hits 1.5 million customers
The international fintech startup hit the 1.5 million customers milestone, with over 3000 new users every day, despite only having been founded in April 2017. Paysend’s international transfer platform lets users send money to over 80 countries worldwide for a flat fee of £1.
Hiyacar offers free car rides to NHS or emergency service staff & volunteers
Hiyacar has mobilised its community of car owners to offer free rides in vehicles that otherwise would have been unused. This is to help NHS staff and key workers avoid using public transport.
Aseptium starts work on 1,000 face shields to help protect local doctors and nurses
Collaborating with tech consultancy 4c Engineering, Aseptium have delivered the first 200 units of a 1,000-unit order to Raigmore Hospital in Inverness. This is after a prototype face shield was tested by intensive care and infection control in recent weeks.
Oddbox secures €3.2m funding from the Northern Venture Capital Trust
The sustainable fruit and vegetable box delivery service plan to expand nationwide after securing approximately €3.2 million from the Northern Venture Capital Trust (VCT) Funds which are managed by Mercia.
allplants hires 24 more chefs to keep up with demand
The vegan delivery service has seen a huge spike in orders since the UK lockdown began, with deliveries even being made to No. 10! This brings the total number of chefs at the Walthamstow commercial kitchen to 70.
Fresh Thinking Business names Spice Box and Mr Lee’s as ‘doing their bit’
Plant-based Indian restaurant, Spice Box, are now providing delivery for all customers in the E17 area. With healthy instant noodles brand, Mr Lee’s, offering 20% discount on all orders and free delivery across the UK.
Fleet secures £3m valuation
The peer-to-peer software platform that allows motorists to earn extra money by hiring out their private cars when they are not using them, has secured a £3m valuation after closing a £350,000 funding round.
The Resident names Cheeky Panda one of the best eco-friendly loo roll delivery companies in London
The high-quality sustainable toilet tissue and biodegradable wipes provider have experienced huge demand for their products, offering delivery right to your door with no plastic and no fuss.
StoryTerrace shares their tips for how to get writing with Ideal Magazine
Recently securing investment on BBC’2 Dragon’s Den, the biography writing service shared their tips on how to get writing.
HireHand redeployed their matching technology to set up SpareHand
SpareHand is a not-for-profit initiative to help charities, community groups, food banks, and others to reliably and safely find and task volunteers. Since the launch three weeks ago, more than 28,000 meals have been delivered, over 700 volunteers onboarded and we’ve partnered up with Sustenance Aid, Magic Breakfast, and the South Central Ambulance Service.
Spare Parts 3D joined the fight against Covid-19 by producing protective equipment
Although not their core business, Spare Parts 3D is leveraging on their network of 3D printing suppliers. This way they’ll have sold & delivered over 7000 3D printed face shields produced locally in France in the next 3 weeks. In addition, they’ll also bring products such as face shields adaptable on construction helmets, no-hand-contact door openers and ear-guards (to save from ear pain caused by continuous wear of masks) to the market.