NVM backs Volo Commerce

NVM and Downing have taken a minority stake in the business.

The new capital will be used to expand the business internationally with a particular focus on North America.

NVM was introduced to the deal by Notion Capital's Armada Ventures.

Previous funding
In September 2010, Armada led a £2m funding round for Volo. 

The VC led a second round of £1m for the company in 2012, before leading a £4m round alongside Juno Capital in August 2015.

Company
Volo was founded in 2006 and is headquartered in London. Its technology supports businesses with online marketing and sales processes. The platform gives customers access to analytics software, as well the ability to manage their online sales channels.

Volo employs 100 people and processes 40 million orders a year from 200 countries.

People
NVM Private Equity – Charlie Winward (investment director).

Advisers
Equity – Shoosmiths, Robert Pook (legal); WK Corporate Finance, Ed Minton, Daniel Jonas (financial due diligence); Rich Insight, Richard Hurtley (other due diligence); Continuum, Steve Wycherley (management due diligence); PMSI, Piers Copham (commercial due diligence).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture
• NVM Private Equity