Fidelity Growth Partners Europe (FGPE) has led a Series D financing round for UK-based online marketplace notonthehighstreet.com, a £10m funding tranche that also saw participation from existing investors Index Ventures and Greylock Partners.
The website offers curated collections of products from small creative businesses. Now in its sixth year, the company has grown its initial network of 95 small business partners to over 3,000 who sell over 50,000 products between them.
“In a few short years notonthehighstreet.com has successfully reached a significant portion of the UK population through its unique gift offering,” FGPE partner Davor Hebel said in a statement released today.
“We are very excited to be part of the next phase of the company’s journey as it looks to transform the global gifting market.”
Fidelity is also understood to be planning a new $250m fund that will target investment opportunities in China – it’s biggest in 16 years of investing in the region.
The fund, which will be managed by Fidelity Growth Partners Asia, is being launched as the firm’s three existing venture funds are expected to be fully invested by the end of the year.
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