Investing Women Angels (IWA), Scotland’s first all-female angel investment syndicate, has led a circa £200K equity investment round into merchandise technology platform developers Terrible*.
Terrible is a UK-based, full-service supply chain company which supports musical artists as well as video gaming, comedy and other creative industries in the UK, Europe and the US. The company creates, sources and delivers uniquely-designed, sustainably-produced merchandise relevant to their clients’ audiences which is sold both online and in-person at concerts and events internationally.
Using specially-developed technology, the Terrible* platform facilitates payments and logistics as well as accumulates sales and inventory data for the artists and brands they work with to maximise client profitability and develop long-term merchandising revenue streams. Operating within a total addressable market of £2.1bn, Terrible* currently has over 400 clients on its roster, including singer/songwriters Joss Stone and Bat For Lashes, producer Mark Ronson, rapper Professor Green, and indie rockers Django Django.
As lead investor, IWA managed the £195K investment round, which included both IWA as well as other individual angel investors. The funds will go towards further development of Terrible*’s online platform and key hires to help drive continued growth and expansion, particularly into the US market.
Since its inception, the company has developed a close relationship with IWA and its sister company AccelerateHER. Terrible*’s CEO, Tersha Williams, was named among the winners at the 2020 AccelerateHER Awards celebrating emerging female founders. IWA member Pamela Barclay will also join the company as its Investor Director and take a seat on its board.
Commenting on the investment round, Pamela said: “IWA is immensely proud to be leading this investment to support Terrible*, an innovative and inspiring merchandise technology business bringing a fresh and unique approach to its market. I am also very excited to be joining the board and supporting the business through this growth phase as its Investment Director.
“We have been impressed by Tersha, whom we got to know through her involvement in the 2020 AccelerateHER Awards, and the wider team behind the company. These additional funds will enable further development of its technology platform which will help drive further growth of Terrible*’s business into new sectors and across the US and other global markets.”
Did you know that female investors are more likely to invest in female-founded companies? And did you know that according to UKBAA research, only 14% of investors are women? That’s why there really is no better time to join us and become an Investing Women Angel 🧵👇
We are actively turning the dial for women-led businesses and for women in investment. As a group, we’re quietly and determinedly driving meaningful change, through training, collaboration, and most importantly - investment 🤝
And what’s more, we’re always happy to welcome new members who are interested in investing in early-stage companies, particularly those led by female founders. Find out more on our website 🔽
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Today our sister organisation kicked off delivery of the Female Founders Accelerator, powered by Barclays Eagle Labs, funded by UK Government.
Our Angels will also be taking part, offering mentoring services to founders throughout the programme. We look forward to taking part!
Wishing you and your loved ones a Merry Christmas and Happy New Year from the team at Investing Women Angels ✨
The @BritishBBank Investment Fund for Scotland is now live - designed to support the growth of SME's across Scotland 👇
https://www.british-business-bank.co.uk/nations-and-regions-investment-funds/investment-fund-for-scotland-ifs/?dm_i=45HG,1KB3Y,3SHGNU,7BADG,1
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