Purplebricks

February 2014

First round of investment - valuing the business at £4.9 million

April 2014

Purplebricks started trading in the UK in the Midlands

August 2014

£7 million round completed - valuing the business at £14 million - led by Neil Woodford. Paul became Non-Executive Director and Nick Discombe was appointed Chairman

January 2015

Neil Cartwright joined from Capita as CFO, having previously been Finance Director of a £400 million revenue business

April 2015

Purplebricks' revenue was £3.4 million in its first 12 months of trading

July 2015

A further £10 million was raised - valuing the business at £130 million

December 2015

19 months after trading began, Purplebricks listed on AIM at £1 per share, with a market cap of £240 million and raising £58 million of cash

April 2016

Revenue increased from £3.4 million to £18.6 million in the second year of trading

August 2016

Purplebricks began trading in Australia

February 2017

Purplebricks raised a further £50 million at £2.20 per share to launch in the USA

April 2017

Group revenue reaches £46.7 million in the third year of trading

September 2017

Purplebricks began trading in the USA

March 2018

Purplebricks announced a strategic partnership with German media conglomerate, Axel Springer, who invested £125 million into the business at £3.60 per share

April 2018

Group revenue reaches £93.7 million in its fourth year of trading

© 2019 by Literacy Capital