iZettle, Just-Eat investor Greylock IL backs £18m Ebury financing round


Laurel Bowden Greylock ILUS venture capital firm Greylock IL has led an £18m investment in London-based financial services company Ebury.

Greylock IL partner Laurel Bowden, pictured, will join the board as part of the investment. He currently sits on the boards of Greylock portfolio companies including iZettle, Just-Eat and notonthehighstreet.com.

She said: “Ebury has built a brilliant business by understanding its clients’ needs, innovating and providing them with outstanding services.

“They also have a clear vision of the future, having seen the potential and need for small and medium-sized companies to trade internationally.

“We believe they have great potential to continue to grow rapidly, helping mid-sized companies to compete across national boundaries.”

Ebury, which was founded in 2009, has used its expertise in competitive currency services as a platform to grow a broader business to help companies trade internationally.

It currently has more than 3,000 mid-market firms as clients and employs more than 170 people.

Copyright © 2014 AltAssets