Notonthehighstreet gets £10 million investment

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One of my favourite marketplaces, has just raised a £10 million investment from a consortium of investors. Notonthehighstreet’s unique selling point is that all the goods offered are unique or personalised products, which are arranged into gifts for “her”, “him”, “children”, “grandparents”, “birthdays” or “weddings”.

The site was founded by Holly Tucker and Sophie Cornish who gave up their careers in advertising and publishing and remortgaged their houses to raise an initial £70,000 investment. They’ve now grown to over 3000 businesses trading on the site offering a wide variety of gifts for sale.

The aim of Notonthehighstreet is to bring together all of the charming, unique and carefully-made things that you sometimes stumble across in cool urban markets, village fairs and tucked-away boutiques. Holly and Sophie wanted to create a place that was quick and easy to get to, where shopping was simple and fun, and where you could always find the most inspirational and wonderful things. I think they’ve done pretty well and if you’re looking for a gift idea is a good place to start.

Their next goal is to go global, and the investment will allow further technology development and growth. They’ve already added multi-currency functionality and if they do as well overseas as they’ve done in the UK there’s a bright future ahead for the two entrepreneurs.

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