Notonthehighstreet.com completes £10m funding round

Notonthehighstreet.com, the online retail business co-founded by 2008 Growing Business Young Gun Holly Tucker, has completed a fresh funding round worth £10m.

The round has been led by Fidelity Growth Partners Europe, with backing from Index Ventures and Greylock Partners, and values the investee at almost £100m.

As part of the agreement, Fidelity’s Davor Hebel and Greylock’s Laurel Bowden will join the board of Notonthehighstreet over the coming weeks.

Notonthehighstreet, which provides a platform for independent craft businesses, currently encompasses more than 3,000 small business partners, but has yet to gain as much commercial traction as online rivals such as Asos.com.

The new investment, which builds on three earlier funding rounds, will be used to ramp up the company’s marketing operation across the UK.

Tucker said that, with the new funding in place, “we will expand the opportunities in the UK by supporting more talented small businesses and so becoming the number one destination for original, thoughtful products which celebrate what matters to an individual”.