We are delighted to announce completion of an investment by the Saïd Business School Venture Fund in Zoombu.  We were selected as a winner of the SBS Venture Fund final in May 2009, which was judged by the fund’s benefactors, Sir Philip Green and David Bonderman. After a rigorous due diligence and evaluation process, the Venture Fund Committee, which consists of MBA students and fellows of the Saïd Business School, approved Zoombu for investment.

The Saïd Business School Venture Fund originated in 2006 when the two benefactors collectively donated £1 million to fund winning early stage businesses of members and alumni of the Saïd Business School and the University of Oxford’s Entrepreneurs Society.  Alistair and I both studied Engineering Science at Oxford University, and more recently Alistair obtained his DPhil from Oxford, so we qualified to applyto the Fund.  We are excited by the opportunities the funding presents us to expand the team and accelerate development of our service, which is currently in private beta.

- Posted by Rachel