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May 28, 2007
Lastminute Founders Return And Raise £5M for MyDeco.com
Lastminute founders Brent Hoberman and Martha Lane Fox have co-founded a new business and have raised close to $10M in funding for the venture. Pre-launch, UK-based Mydeco.com aims to provide advise on home decoratation their homes. The site will have a social networking angle where members will be encouraged to critique decoration decisions.
Hoberman and Lane Fox
Backers include Tom Teichman of New Media Spark and Thomas Hoegh of Arts Alliance, both early investors in Lastminute.
Lastminute was the UK's biggest travel website and made the founders very wealthy when it floated stock in 2000. Lastminute was bought out by Travelocity for $1.07B. The takeover made Hoberman about £26M and Lane Fox £13.5M. We were not aware that Lane Fox survived a near fatal auto accident. She is in demand as she is on the boards of Marks and Spencer and Channel 4.
Read - Times Online
Posted on May 28, 2007 03:32 PM | Posted to eCommerce | Permalink
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