Tuesday, March 22, 2011

One of the Few Female VC?s in Europe joins Board of Directors of Just-Eat

Greylock Partners is a new active investor in the UK, planning on doing more than a handful of deals in 2011. A private venture capital firm, founded in 1965, with committed capital of over $2 billion under management.� Its known operations are in the Bay Area, Boston, China, India and Israel, and recently Laurel Bowden, who headed the Israeli office moved to start its London office. With that she has joined a small group of female VC?s in Europe.

Greylock partners with entrepreneurs to build market-leading companies, and has already funded and helped build several hundred successful companies. More than 150 of the companies have gone on to IPOs and more than 100 have gone on to profitable M&A events.

Lauarel?s areas of focus include software, mobile, Internet infrastructure and e-commerce, where Europe is a key market. Her investments at Greylock include Wonga and notonthehighstreet. And a recent investment is online restaurant directory and ordering service Just-Eat, that has raised USD48m in a Series B funding round led by Greylock Partners and Redpoint Venturer, as reported by Strategic Eye.

Just-Eat partners with 15,000 restaurants across 10 countries, and takes a 10% commission on food orders placed through its website. The firm claims the amount of orders it received doubled in 2010, and says it is now a leading market player in the UK and Canada.

CEO Klaus Nyengaard says new funds will be used for international expansion, ensuring that Just-Eat does not become ?a company that is being gobbled up by a big American corporation?.

Greylock?s Laurel Bowden joins Just-Eat?s board of directors.

comments

Megan Ewing Monica Keena Tina Fey Gretha Cavazzoni Anna Kournikova

No comments:

Post a Comment