Octopus Investments, Wellington Partners and angel investors have backed London-based app developer YPlan with a $1.7m seed financing round.
The company's app launched in London for iOS devices in November 2012. The company seeks to expand, with the aim of covering larger regions in the future. Octopus invested on behalf of its Venture Partners...
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple