Bloomberg News

Notonthehighstreet.com Agrees on Funding Deal, FT Says

May 19, 2012

Notonthehighstreet.com, a U.K. craft- business website, has secured 10 million pounds ($15.8 million) in funding, the Financial Times reported, without saying where it got the information.

Fidelity Growth Partners Europe leads the financing, supported by Index Ventures and Greylock Partners, valuing the company at almost 100 million pounds, the FT said.

The website, founded by Holly Tucker and Sophie Cornish, has created a marketplace for independent craft businesses that didn’t have an online presence, the FT said. The capital will be used for marketing the brand in the U.K., the newspaper said.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


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