A recent investment for Rosemont Group was in what is now the UK ’ s number one parking app , AppyParking . “ Rosemont Group was the first and only money in at seed stage , which we are very proud of . We demonstrated our willingness to back innovation we believe in , ” explains Achom . Aviva ventures the venture arm of Aviva insurance lead the next round of investment into AppyParking with a 1 million investment and more recently the company has recently raised further 10 million pounds on a 30 million post-money valuation . Another investment saw Rosemont Group invest in a Pakistani tech start-up alongside Sunbridge Capital and Telefonica ’ s accelerator programme .
A factor that Achom feels brings the balance in their favour is that Internet and digital technology companies require less operating capital to develop working products and solutions than other more traditional businesses . They typically do not have large capital expenditure requirements , don ’ t produce or manufacture hardware or tangible goods , rarely hold inventory and do not have returns or leakage to contend with .
Achom concludes by saying “ recent industry trends such as using open source software for building business services , cloud computing for storage or processing requirements and distributed flexible teams all contribute to the unique ability of digital SME ' s to start a project , product or company within months or even weeks for less than the amounts typical VCs look to invest . There is a gap and we aim to achieve as larger market share of this space as possible .”
ABOUT ROSEMONT GROUP CAPITAL PARTNERS :
Rosemont Group Capital Partners LLC is an early stage venture capitalist firm co-founded in 2003 by British entrepreneur and venture investor Freddie Achom . Its portfolio is as wide ranging as digital technology , bio technology , solar technology , financial services , land and property development to more high profile ventures in the entertainment sectors . Rosemont Group is headquartered in London with international offices in New York and Mumbai .
Rosemont Group is actively seeking interesting ideas , concepts and businesses to invest in and should be contacted via their website :
http :// RosemontGroup . net / contact
We are social : @ RosemontGroup # RosemontGroup