BGF injects £3m into Prezola

The fresh funding will enable the company to invest in its mobile platform and comes a year after it acquired wedding planning platform GettingMarried.co.uk.

As part of the deal, David Kelly – chairperson at Love Home Swap and non-executive director at Holiday Extras, The Gym Group and On the Beach – will take a seat on the Prezola board.

BGF has previously invested in wedding-related companies, making an £8.5m investment in January 2014 in ACS Clothing and its software offering Xedo Software – the latter of which focuses on products for the wedding market.

Company
Founded in 2012 and headquartered in Bath, Prezola is an online wedding gift-list platform. The business works alongside 300 retail partners including The White Company, Le Creuset, Jo Malone, Dyson and Habitat. It also offers commission-free honeymoon funds and delivers across the UK and continental Europe.

People
Business Growth Fund – Ned Dorbin (investment director); Alex Garfitt, Daniel Tapson, James Skade (investors).
Prezola – Dom Beaven (CEO).

Advisers
Equity – Ashfords, Rory Suggett (legal); Saffery Champness, Neil Davies (financial due diligence).
Company – Veale Wasbrough Vizards, Nathan Guest (legal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• BGF (Business Growth Fund)