Greylock fund backs UK based SME specialists

 
Michael Bow
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GREYLOCK IL, the Israeli-UK venture capital firm which has backed Just Eat and Wonga, has joined forced with other investors to invest $30m (£18m) in UK-based financial services company Ebury.

The firm, which is an affiliate of famous US venture capital pioneers Greylock Partners, will join with the other anonymous investors to provide debt and equity for the growing UK-headquartered firm.

Ebury, which was founded in 2009, caters for around 3,000 small and medium sized businesses by offering them foreign exchange services and trade finance.

Founder Salvador Garcia Andres said: “The opportunities that come from trading internationally are no longer reserved for large companies. Technology and globalisation have changed the nature of business.”

The firm’s London partner Laurel Bowden said: “They also have a clear vision of the future, having seen the potential and need for small and medium-sized companies to trade internationally.”

Greylock Partners is known for investing in firms like Facebook, Air BnB and LinkedIn.