SportPursuit, a London, UK-based “flash sales” website for sports products, raised £5m in funding.
The round was led by DFJ Esprit, with participation from Silicon Valley Bank and angel investors William Reeve, chairman of Graze.com and co-founder of LOVEFiLM; Alex Chesterman, founder of Zoopla; and Alex Saint, CEO of Secret Escapes.
The company intends to use the funds to expand the range of brands and products as well as to grow into new international markets in Scandinavia and mainland Europe.
Launched over two years ago by Adam Pikett, CEO and co-founder, SportPursuit offers products from more than 600 leading sports brands such as Berghaus, Salomon, Icebreaker, Inov8 Marmot, Helly Hansen, Canterbury, Garmin, and GoPro.
Its flash sales typically last seven days, with deals exclusive to SportPursuit.
The company is hiring.
FinSMEs
11/02/2014