• Jinn

  Led · Series A · Apr 2016

  Jinn operates a 24/7 same-hour “shop on your behalf” delivery service that lets users request items from any local store via a location-based app. The company runs in the U.K. and Spain and has turned every local shop into a loosely connected warehouse powered by its courier network. Jinn says groceries now account for 15% of orders (up from 5% a year ago) and it is pushing into non-food categories like beauty and health. The startup reports positive contribution margins in all markets, has surpassed 1 million completed deliveries since launching in late 2014, and expects to be profitable next year. Its merchant strategy includes around 1,000 official partners (partners pay ~25% commission), while non-partner purchases incur a distance-based delivery fee plus 10% of the basket. About 5,000 couriers are registered with the app and roughly 1,000 are active monthly; a change from hourly pay to per-drop pay prompted strikes and some departures. Jinn operates a same-hour "shop on your behalf" delivery app that lets customers order anything locally through a free-form request or browsing; couriers purchase and deliver items 24/7. The service is live in central London and Manchester and Jinn plans to expand to more UK cities and to Southern Europe using the new funding. The company reports 50,000 monthly orders in central London, an annual run rate of $25 million in sales passed through the app, and 30% month-on-month growth with customers ordering on average once a week. Average delivery time has improved to 32 minutes (down from 45 minutes six months earlier), and Jinn claims about 500 merchant partnerships. Its unit economics break even at just over one delivery per hour and the company says it delivers closer to two per hour at full capacity. For non-partner purchases Jinn charges a delivery fee based on distance plus 10% of the basket; for partner purchases customers pay a lower delivery fee (~£2.50) while partners pay around 25% commission and receive a tablet to integrate with Jinn's ordering system. Jinn operates a mobile-first on-demand delivery app that allows users to type any item and have it bought and delivered in under an hour using a network of professional couriers. The service targets affluent London postcodes and has grown virally among young professionals and students. It charges a £5.95 delivery fee plus 10% of the purchase. The company reports roughly 1,000 orders per month, an average user ordering every 10 days, and an average user spend of £150. Founders initially delivered orders themselves while bootstrapping the London launch. The seed funding will be used primarily for customer acquisition to accelerate that growth.

• Concorde Solutions

  Participated · Equity · Apr 2014

  Concorde Solutions, founded in 2007, sells Core Control, a SaaS software compliance and analytics tool that audits software licenses across multiple IT platforms and provides detailed analytics to improve process efficiency and cost control. The product targets businesses that need centralized license auditing and cost-management insights. Concorde announced a $2.5m investment led by private equity firm JMI Services with participation from previous investors Panoramic Growth Equity and Elderstreet. The company said the funds will be used to further develop its product suite, expand geographic coverage, and support a sales drive. As part of the deal, experienced tech investor Charles Noell will join Concorde's board. Panoramic Growth Equity indicated it will continue to support Concorde through board involvement as the company broadens its operations. Concorde Solutions is a software asset management firm that developed ComplianceConsole, a custom-built SaaS product designed to deliver software compliance across multiple vendors and identify tangible cost savings. The product supports the company’s consultancy and managed services, providing a solution to manage contractual and financial issues tied to software licensing and vendor subscriptions. Customers include members of the Global Fortune 1000, investment banks, mid-market companies, public sector organisations and charities. The company was established in 2007 by Managing Director Martin Prendergast and Services Director Phil Merson and is based in Reading, UK. Concorde plans to use new capital to launch a new SaaS product in 2012 targeting the data centre and cloud computing markets and to expand its professional and managed services worldwide. The company recently raised funding to support these product and expansion plans.

• Sentiment

  Led · Series A · Jan 2014

  Sentiment (trading name of Macranet Ltd) provides a SaaS social intelligence and engagement platform that lets teams analyze, drill down and respond in real time to conversations across social media including Facebook and Twitter. Founded in 2007 and based in Farnborough, UK, the company is led by CEO Leon Chaddock. The platform is used by about 200 companies globally, including Alitalia, Deutsche Bank, The Environment Agency, PR Newswire and Peer 1 Hosting. Sentiment intends to use the recent funding to increase investment in its market intelligence and engagement platform, add sales and marketing resources, and expand its global reach. The product emphasizes real-time monitoring and engagement to manage critical conversations for corporate and agency customers.

No current team members are available.