Quodpod Ltd Secures New Investment

In February 2009, almost exactly a year after winning the prestigious Mercury Award for Inspiration, Quodpod Ltd secured a second round of investment. The cash injection was vital for the company to move from R&D into production, of which the majority will go towards tooling costs and fulfilling initial orders

Quodpod Ltd is proud to announce that the new investment comes from a dynamic consortium headed by Venrex Investment Management.

Mark Esiri, Partner of Venrex and now a Director of Quodpod Ltd, said: “Venrex has a strong track record of backing innovative, high growth businesses. I am extremely excited about working with Katie to grow Quodpod Ltd into a major supplier to the travel catering industry. Our extensive due diligence confirmed that the product is unique in the marketplace. It offers airlines an opportunity to reduce costs, be ‘green’ to the environment, and to substantially improve their customers’ in-flight experience”.

Founder Katie Davidson explains that the new investment has not only provided much needed capex to move forward but has also energised the company: “The new investors are a real asset to the company. They bring a wealth of experience which will help to rapidly expand our horizons. As a team, they have invaluable experience of retail, airline supply routes and the food sector which will certainly be called on as the company grows over the coming year.”

Venrex Investment Management’s portfolio includes luxury brands Smythson of Bond Street and Astley Clarke jewelers, leading internet retailer notonthehightstreet.com and US luxury travel concierge Indagare.

Contact
Katie Davidson
Tel: +44 (0)845 2268 048