Tags:MarketMarketplaceOnlineProviderTechnologyGrowthFinTechBusinessBrandB2C
ATG’s mission is to be the global marketplace connecting bidders, businesses, collectors, consigners, contractors, and consumers to an under-explored world curated by thousands of trusted auctioneer experts. Following an initial £4.5 million investment from Mobeus in 2008, ATG branched out to online auctions. A further £4.5 million financed the acquisition of BidSpotter. Following rapid growth, Mobeus partially realised its investment in 2014 to a secondary buyout by ECI Partners, retaining a significant holding. Mobeus fully exited its investment to TA Associates for an undisclosed sum. The business was transformed into a high-tech provider of marketplace technology, expanding into new verticals and new geographies, driven by the consumer shift online, as well as its market leading technology and strong brand recognition. The ATG sale generated a Money Multiple of 4.5x on cost of £9 million to the Mobeus VCTs; a 29% IRR.
Location: United Kingdom, England, London
Total raised: $6.962516M
Founded date: 1971

Investors 1

Funding Rounds 1

DateSeriesAmountInvestorsDeal News
28.04.2013-$6.962516MMobeus Equ...finsmes.co...

Mentions in press and media 1

DateTitleDescriptionCategoryAuthorSource
28.04.2013ATG Media ...ATG Media, a London, UK-based ...middle mar...-finsmes.co...