Press Release (ePRNews.com) - LONDON - Jul 06, 2016 - Founded in 2015, Moteefe has been named as the ‘Ones to Watch’ in the High Growth Team of the Year award and nominated for the Angel-VC Scale-up Investment of the Year at the Dorchester Hotel. The business has experienced exceptional month-on-month growth since it took on its first seed investment in early 2016.
Moteefe was created with entrepreneurs and social media influencers in mind and is backed by Fuel Ventures and Ascension Ventures. Moteefe allows users to create custom merchandise to sell via social media around the world. Previously working within the Mass Challenge accelerator programme and now based in High Street Kensington, Moteefe has seen significant growth and is growing rapidly with thousands of items being produced each week.
CEO Mathijs Eefting said: “It’s a huge honour to be recognised as ‘Ones to Watch’ and I couldn’t be happier with everything Moteefe has achieved. Not only are we helping people to build their own businesses online, we’ve worked hard to find the best products on the market and keep our prices low meaning that sellers can really make an unlimited amount of income from our social commerce platform. The next year is going to be incredibly exciting.”
In its 11th year, the UK Angel Investment Awards is open to high growth companies that have received early stage finance. Representing over 18,000 angels across the UK, the awards celebrate the achievement and impact of the UK Angel investment communities and their role in backing the UK’s most exciting high growth businesses from start-up to scale-up.
Jean de Fougerolles, CEO of Ascension Ventures said: “I’ve been hugely impressed with the Moteefe team and the revenues growth they’ve achieved since our investment. The awards are going to keep coming in for the Moteefe team and it’s great to see them being recognised for their efforts as they go from strength to strength in the social commerce world.”
Mark Pearson, Founder of Fuel Ventures and ex-Founder of MyVoucherCodes said: “Both professionally and personally I’m hugely proud of how far Moteefe have come and what’s next in store for them. They’re leading the way in social commerce and I am looking forward to being a part of the next stage of their growth.”
The Barclays-backed High Growth Team of the Year award celebrates the achievements of an exceptional leadership team that has attracted equity investment and is able to demonstrate ambition, innovation and insight to help attain significant growth within their business.
Sponsored by the BVCA, the Angel & VC Scale-Up Investment of the Year award is aimed at high growth potential businesses that have received Angel and VC backing to enable them to successfully scale-up and disrupt the market or industry.