Notonthehighstreet.com clinches £21m Series E
Startups Awards-winning business will use investment for technology, innovation, marketing and operations
Notonthehighstreet.com (NOTHS), the Startups Awards-winning online marketplace, has closed a £21m Series E funding round led by Hubert Burda Media, alongside existing investors Index Ventures, Industry Ventures and Eight Roads Ventures.
Founded by Holly Tucker – who was named Keystone Law Golden Gun at the 2013 Young Gun awards – and Sophie Cornish in 2006, NOTHS is a marketplace for independent and creative small retail businesses.
Shoppers can find a range of unique gifts, cards, art, jewellery and baby & child products, while small businesses can access a viable route to market.
In January, the Startups 100-featured company re-launched its annual Pitch Up event, which enables start-ups to pitch their products to the NOTHS team in a 10 minute slot and receive advice on selling online and product development.
NOTHS secured a £6m loan from Silicon Valley Bank in 2015 to provide additional growth liquidity. It has now raised more than $68m in total investment and will use this latest finance for technology, innovation, marketing and operations.
Simon Belsham, CEO of NOTHS, said: “Notonthehighstreet.com was born out of the belief that customers want products that are more thoughtful, unique and personal and that, through technology, we could connect thousands of independent businesses – the makers of these great products – with customers around the world.
“This purpose remains even more relevant today in a world where customers are craving something more than the ubiquity of the mass market.”
Martin Weiss, managing director at Burda Principal Investments, added: “We see significant growth potential for this unique business, both in and outside the UK, making it an obvious partner for us as we continue to grow our portfolio of consumer and technology brands internationally.”