55. SalesGossip

Founders: Elizabetta Camilleri and Emilio Sanz
Founded: June 2011 (launched November 2012)
Website: www.salesgossip.co.uk

Tired of not knowing when their favourite shops had promotions on and missing all the best items, Elizabetta Camilleri and Emilio Sanz decided to create a platform that would aggregate all online and in-store fashion and beauty promotions.

SalesGossip collates promotions from across the UK in real time to help consumers find better deals without having to sign up to a plethora of newsletters – and retailers can attract online traffic and increase footfall to their stores. The company generates revenue through a combination of commission, advertising, custom marketing campaigns and data-mining and counts major names in the industry such as ASOS, John Lewis, Belstaff and Ted Baker as clients. It currently sees around 600,000 visitors monthly, nearly double since its appearance in the index last year, and is close to reaching an impressive one million active registered members.

Following a £600,000 follow-on funding round last year (taking total investment to £850,000), the fashion platform is intending to raise Series A funding to further accelerate growth in the UK and internationally and expects to report £1m turnover for 2015. Additionally, SalesGossip is aiming to expand its client base to other lifestyle brands, as well as extending its product portfolio with services for beauty and men to increase its audience reach.