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September 18, 2006
Scottish Interhyp Clone Raises Capital For Launch
Artemis, a British investment trust manager, has invested an estimated £5M in mform, an online mortgage shopping site, that is due to launch this Fall, reports The Scotsman. The article says the firm is entering a market with several competitors, including moneysupermarket.com, moneynet.co.uk, confused.com, and PeoplesChampion. We can't say much about the UK market but we do know that Interhyp has done well with this business concept in the German market.
It was venture-backed and floated last year giving its VCs a profitable partial exit at the time of the IPO. It's share price has had a bit of wild ride so far, though.
Wonder if that drop in May coincided with the end of the old shareholder lockups?
Read -Rice scores online start-up funding (scotsman)
Posted on September 18, 2006 10:53 AM | Posted to | Permalink
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