Moteefe is a social commerce platform that allows entrepreneurs to seamlessly sell customised products through social media.
By plugging into the growing influencer market, Moteefe’s platform allows entrepreneurs to upload their own designs and bring these ideas to life with over 40 different products to customise. As a result, the business launched over 350,000 campaigns for customers in 2017 with 1000s of sellers worldwide.
Livingbridge first invested £500k in the London-based start up in 2017 and provided further investment in 2018 enabling Moteefe to continue to scale its tech platform and to grow its user base.
“We are a rapidly growing business and the investment and guidance from Livingbridge’s experienced team will help us scale our business and take advantage of the changing face of social commerce.”
Mathijs Eefting, CEO
Livingbridge invest in subsequent funding round
Livingbridge reaches an agreement to sell the fund and investment management business of Livingbridge VC LLP, comprising the Baronsmead VCTs and the Livingbridge Equity Funds, to Gresham House plc.