Member Article

Tech firm described as ‘one of Europe’s unicorns’ secures £4m investment

London-based tech company Ve Interactive has announced that digital investment firm Conch Investment Ltd has purchased £4m-worth of secondary shares from existing shareholders.

The investment firm, which specialises in mobile, social media and digital, has stumped up £250 per share equating to a 0.43% stake in the technology company, who number outdoor clothing retailer Berghaus and insurance comparison website Confused.com amongst over 10,000 clients worldwide.

Ve provides a suite of apps to online retailers which helps them drive traffic and reduce transaction abandonment through display advertising, targeted overlays and email.

Since it was founded in 2009, the technology firm has grown to encompass 33 offices spread across the globe and has previously been described by the Financial Times as ‘one of Europe’s unicorns’, a privately-owned company whose value is estimated to be above $1bn,

Commenting on the investment, Chris Akers, the Chairman of Concha, explains how such high praise and rapid growth is what attracted the investment company to Ve in the first place.

He said: “We have only been able to secure this holding by virtue of our status as a non institutional investor and as such I am delighted Concha has acquired an investment in one of Europe’s most exciting privately owned technology companies.

“Its business focus, growth profile and potential return fits our investment criteria exactly.”