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Tag: Growth

AirHelp – ‘Justice-as-a-Service’ (JaaS)

16th July 2018

Sector: Technology

In a recent article in Forbes magazine, Airhelp CEO, Henrik Zilmer, discusses how his company has developed an app that lets customers resolve their own service issues. The article notes how our on-demand economy has grown, giving us all the ability to get a product or a service in an instant, and that it was inevitable that customer service should follow. Typically, contacting companies with an issue or complaint is complex, time-consuming and involves many stages. The AirHelp app allows customers to scan for all of the flights they have taken in the past three years and automatically identifies possible refunds you could be entitled to. Then, if you wish, AirHelp will also automatically contact the airline regarding your refund, keeping a percentage of the funds as a success fee. In the article, Zilmer discusses how he started AirHelp in order to address this demand for swift customer service and complaint resolution: “I started AirHelp to save people from the horrible customer service of airlines that have been a race to the bottom since the birth of low-cost carriers. We call it Justice-as-a-Service (JaaS).” “By automating the validation and processing of refund claims we gave travellers a consumer rights lawyer in their pocket, which provides them with instant legal advice on the case.” To read the full article please click here.   To discuss our approach to investing, and how we support founders who are leveraging technology to address big markets and serve the needs of customers, contact:

Sibylle Pilotaz


Social Shopping Platform Depop Secures $20M for Global Expansion

23rd January 2018

Sector: Retail, Technology

  • Over 8 million registered users and $230 million GMV in 2017
  • 130% revenue growth in the US and plans to open a brick and mortar shop in LA
  • A hundred strong team across four locations with recent leadership hires from Airbnb, BCG, GoCardless and onefinestay
depopstyle1 Depop, the social shopping platform for creative entrepreneurs, has completed a  $20 million Series B led by Octopus Ventures, making it one of the most well-funded European fashion startups of 2017. The funding also includes additional capital from TempoCap, who will be joining the current investors Balderton, HV Holtzbrinck Ventures, H-FARM, Creandum, Lumar as well as Italian entrepreneurs Luca Marzotto and Renzo Rosso from OTB/Diesel Group. Rebecca Hunt, Octopus Ventures early stage VC investor will be joining the board. “We are excited to be supporting Depop on their next phase of growth as they continue to roll out across the US. The company has built a large, engaged and loyal user base amongst predominantly creative young people. Depop provides users with a selling and social platform and a global pool of buyers to leverage their unique community and inventory, generate their own brands and build revenue channels. This taps into a key trend in retail for millennials, and we are looking forward to seeing further growth of the business over the coming years, powered by an exceptional team.” Founded in 2012, Depop has over 8 million registered users and has become home to millions young entrepreneurs teenagers with some making over $10,000 monthly. "By combining mobile shopping with social features, Depop is creating a stronger relationship between buyers and sellers. We are becoming a key part of the lifestyle of a generation which values community and sustainability, while possessing a strong entrepreneurial streak.” said Simon Beckerman, Founder of the company. As well as creating a thriving community built around social, Depop has doubled revenue growth globally as well as active users in the US market, compared to 2016. Depop CEO Maria Raga said, “The investment will support the global growth of the platform, particularly in the US, and scale the business. This will include the opening of bricks and mortar beta spaces, which will help us get even closer to our users and experiment with new formats. We are excited to work with Octopus Ventures. They have a strong portfolio and are experts in accelerating growth of lifestyle and marketplace companies”.   About Depop Depop was founded by co-founder of PIG magazine and RETROSUPERFUTURE sunglasses, Simon Beckerman. It was originally conceived as a social network where PIG’s readers could buy items featured in the magazine. Realising that Depop needed a selling function, Simon re-envisioned the app as a global marketplace to empower creative entrepreneurs — a mobile space where you can see what your friends and the people you’re inspired by are liking, buying, and selling. This ecosystem has supported Depop to become a global conduit of connection, not only in m-commerce, but culture, design, and creative communities around the world. After a successful soft launch in Italy in 2012, Depop moved to London in 2014, where it is currently headquartered, with offices in New York, Los Angeles and Milan. Today, it has over 100 employees, 8 million users worldwide and 2.6 million sessions a day.   About Octopus Octopus Ventures is a London and New York based venture capital firm, focused on identifying unique and ambitious entrepreneurs. To us, Entrepreneurs are the people who create defining moments. Few Entrepreneurs go back to their original investors for their next venture. Ours do. We find being bold and generous - with our time, our attention, our network and our knowledge - works for everyone. We never forget that while we are invested in multiple companies, entrepreneurs are invested in just one. We invest from £250,000 to £25 million in seed to series B funding and look to follow in subsequent rounds. We share our expertise and advice every step of the way to help our Entrepreneurs take their ideas from inception to international scale-up. Companies we’ve backed in recent years include Big Health, graze.com, Eve, Magic Pony, Secret Escapes, Sofar Sounds, Swiftkey, Swoon Editions, tails.com, Zoopla Property Group and Zynstra. Each one unleashed the progress we and our Entrepreneurs knew was there. www.octopusventures.com Octopus Ventures is part of the Octopus Group which also incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Labs and Octopus Property.   About TempoCap TempoCap is a London based technology venture capital fund, specialising in growth equity and secondary venture transactions. TempoCap provides primary capital to fund growth in businesses or secondary capital to acquire stakes from existing shareholders or buy fund vehicles from investors. TempoCap is an active investor with an operational focus and an entrepreneurial mindset. We are a London-based team of eight with deep experience in business building, venture and growth capital and secondary direct investments. Some of our notable investments include Boku (mobile payments network), Miura Systems (Payments hardware provider), Ercom (Leading cyber security solution provider), Launchmetrics (virtualized SaaS platform for the fashion industry), Onfido (Leading identity and background check software solution provider), Teads (Video advertising provider - acquired by Altis) to name a few. www.tempocap.com

Teads Announces $200 Million Revenue

21st February 2017

Sector: Technology, Media

Growth driven by Mobile and Programmatic
  • Revenue of $200 Million
  • 39% Organic Year-Over-Year Growth
  • Mobile Now Reaches 55% of Revenue and Programmatic 35%
NEW YORK and LONDON   Teads, the inventor of outstream video and the No. 1 video advertising marketplace in the world, today announced record results for 2016, reporting a revenue of $200 million representing a 39% organic growth year-over-year (YOY). In Euros, the Luxembourg headquartered company registered 45% YOY growth. The company was EBITDA-positive for the fourth year in a row. Bertrand Quesada, CEO,  said,2016 was the year when outstream became mainstream. The outstream video advertising format that we have pioneered in Europe since 2012 has been adopted by the most prestigious publishers globally – the likes of Time Inc., CondeNast, Washington, Business Insider, and their European counterparts including The Daily Mail, The Telegraph, Trinity Mirror, Der Spiegel, Axel Springer, Le Monde, Le Figaro and many, many others. Its potential is bigger than pre-roll, as it opens up an unprecedented opportunity for monetizing publishers’ mobile traffic.” Massive mobile video inventory Thanks to the availability of its inRead video technology for all mobile web environments, including Google AMP and Facebook Instant Articles, and in-App, Teads’ reach has grown to 1.2 billion monthly unique visitors, including 720 million on mobile. According to Comscore, Teads global reach is ahead of AOL, Adap.tv, Yahoo! Brightroll, Adobe, Tubemogul and Bertelsman SpotX, and in many countries, including the US, its potential reach (deduplicated reach of its publishers) is even larger than YouTube and Facebook. Pierre Chappaz, Executive Chairman commented:Outstream is a game changer in the programmatic world, because it provides quality at scale. Teads is offering the highest quality inventory to programmatic buyers globally, and this is fuelling the exponential growth of our programmatic revenue.” About Teads Teads, founded in 2011, is the inventor of outstream video advertising and No. 1 video advertising marketplace in the world. Publishers work with Teads to create brand new video inventory and manage their existing inventory, monetizing it through programmatic buying, their own sales forces, or third parties. Teads’ native video advertising solutions encompass a series of formats inserted deep into media content, like the inRead playing inside articles. It is changing the game within the video advertising market by creating unprecedented levels of premium inventory, which did not exist before. Brands and agencies can access this top-tier, premium inventory, available on the web and on mobile, through programmatic or managed services. Through its managed services capabilities, the Teads team execute on its clients behalf using its platform. Teads has a team of over 500 employees, 100 of whom are on the innovation team, across 27 offices in 21 countries. Source