Bridges Community Ventures has announced the sale of SimplySwitch, a price comparison service for household utilities and financial services, to The Daily Mail and General Trust plc. The transaction was valued at £22m and will be the second successful exit for Bridges CDV Fund I.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn