Wednesday, 9 December 2015

These shoes were made for walking - Seedrs pitch fails

Firstly thanks to Gordon Gekko who drew our attention to this - before it was listed at CH!

Upper St have raised ECf on Seedrs but have now decided to close. See here

Investors included The British Business Bank and Venrex Partners and before the Seedrs raise the business was valued at £2.8m.

They have sold their assets to the Australian company Shoes of Prey, who seem delighted. Apparently the founders of Upper St decided it was time to do something else.

Not too sure how delighted the investors in Upper St will be.

It seems these shoes really did walk all over you.

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