Nature of Funding :
Debt
Use of Funding :
Acquisition
Sector :
IT
Amount :
Six Figures
Date of Investment :
October 2022
Location :
Liverpool
Fund :
Business Growth Loan Fund
Summary
Established in 2016, Velstar have been scaling direct-to-consumer brands ever since through smart, end-to-end E-commerce solutions that fuel persistent growth. They currently count AVON, Castore and French Connection as clients.
In October 2022, Velstar secured a £300,000 loan from the Business Growth Loan Fund. The loan, coupled with self-funding, allowed them to complete the acquisition of Chester-based marketing agency, We Influence, bolstering its service offering and driving further growth, particularly across the digital space.
Testimonial
This acquisition, made possible with support from the River Capital Business Growth Loan Fund, strengthens our offering within the Shopify ecosystem by deepening our marketing services to give our clients access to a team of digital growth experts at every stage of their eCommerce journey, all in one place
Graham Withe - MD, Marketing - Velstar Ltd