The 2 founders of Perkbox, a British-based worker reward platform, are to toast a mixed windfall value £70m after agreeing to promote their enterprise to a US-based non-public fairness agency.
Sky Information has learnt that Saurav Chopra and Chieu Cao, who based Huddlebuy in 2010, have struck a deal to promote their firm to Nice Hill Companions for about £130m.
Sources stated on Wednesday that the deal was anticipated to be introduced imminently.
It’s going to rank among the many greatest exits thus far this yr for the founders of a British start-up.
The corporate, which grew to become generally known as Perkbox in 2015, provides smaller companies a platform to have interaction with and reward their staff.
The deal may also hand a £30m bonanza to a gaggle of UK-based angel buyers, who, in response to earlier experiences, embody the Cazoo and Zoopla founder Alex Chesterman.
Molten Ventures, the London-listed enterprise capital investor, can be a shareholder in Perkbox.
One supply stated that Nice Hill deliberate to mix Perkbox with one other firm it’s understood to be buying concurrently.
Particulars of the opposite transaction had been unclear.
Perkbox and Molten Ventures had been contacted for remark, whereas Nice Hill couldn’t be reached.
