Resultants Mark Peatey and Nadim Saad, heading the Result UK office were recently featured in Techcrunch on their car rental place idea called FinanceaCar. A 2010 seedcamp winner, FinanceACar wants to move the buoyant car market online from the model you want to pick to the actual delivery of the car to your door step, just like books or fashion e-commerce today. FinanceaCar raised money today at an undisclosed valuation with the round led by Anthemis Group and angel investors like Dominic Collins (former Group Director of Autotrader.co.uk and currently CEO of Orange Digital) and Christoph Janz, who built one of Europe’s first price comparison websites (DealPilot.com, acquired by Shopping.com).
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Result's Spanish Managing Partner Albin Tiusanen featured in the economic daily of Spain. A scanned copy of the press release is below.
P R E S S R E L E A S E : Result brings Spray - Europe’s oldest portal brand - to the stock exchange, forming new social media & entertainment group.9 September 2010
The business builders of Result, led by CEO Ola Ahlvarsson, have formed a new media group by consolidating their interests in Spray, Passagen, Bidster and SIME within Keynote Media (Nasdaq OMX: KEY). Keynote also operates Nöjesguiden (Sweden’s oldest and largest entertainment magazine), Rodeo (a leading fashion magazine), Sellbranch (a sales house for web and mobile advertising), and a number of entertainment services.
Keynote now reaches 2 million Swedes on line, and similar numbers over mobile – in addition to the considerable reach of their print publications. The group also operates over 80 events, in Sweden and abroad, including the SIME conferences and the Polar music prize.
Web veteran Fredrik Sellgren steps in as Keynote’s CEO. Main shareholder of the group is internet entrepreneur Ola Ahlvarsson; other significant shareholders include growth advisors Result, and venture fund Provider.
The share price went up 46% on the first announcement of the merger.
Spray: Founded in 1995 and since then been a household brand in Sweden with services such as Spray.se, Spraymail, Spraydate.se
Passagen: Sweden's largest blog and discussion portal featuring 1000's of bloggers and more than 600K monthly uniques
Europe's leading bid commerce service with low bid auctions, penny auctions operating destination sites like Hammerdeal.de and Bidster.com in 8 countries;
SIME: Northern Europe's largest digital media event focusing on digital opportunities with events in the Nordics, Barcelona and San Francisco
Result: Since 1999, Result has helped over 200 companies to grow. Result shares this experience with entrepreneurs who have the ambition to expand their business effectively and efficiently. Result operates 14 offices around the world.
While working with clients and engaged in business development, we at Result constantly prod at new business models and concepts. Now, the spirit has rubbed onto our team in the United Kingdom - Nadim Saad and Mark Peatey - who have been working in stealth mode on FinanceAcar.
In summary, they want to change the way consumers shop for cars - by redirecting their average focus on owning an asset that depreciates 60% in 3 years, towards viewing a car as a commodity that you pay a monthly fee to have.
Car leasing is the solution and the benefits are that it is as much as 60% cheaper than a personal loan and, therefore, allows people to drive a better car. And on top of that FinanceAcar will offer you a new contract car every 3 years.
The current FinanceAcar alpha website aggregates and compares car finance products for more than 5,000 vehicles.
- Augmented reality is becoming a reality
- Cloud computing drives green it initiatives
- Mobile applications become a mainstay
- Virtual currencies & micro-transactions expand beyond games
- The return of the tablet pc
- Ebook applications will explode across a multitude of devices and channels
- Affordable electric and hybrid vehichles reach the broad demographics
- Consolidation within the solar photovoltaics supply chain
- Industry shakeout in online music distribution as the winners are defined
GP Bullhound's site: here.
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