Icelolly receives £2m in venture finance

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Leeds-based icelolly.com has received £2m in finance from Silicon Valley Bank to support its future growth plans.

The facility will be used to fuel further growth, including strategic investments in icelolly’s sales and marketing activities, and will enable icelolly to “significantly boost its brand awareness with consumers through various channels”.

Icelolly CEO Richard Singer said: “Silicon Valley Bank has supported our growth plans and vision and we are pleased to announce this facility today to help make icelolly.com the best loved brand for UK holidaymakers.”

Richard Faulkner, Managing Director at Silicon Valley Bank’s UK Branch, added: “We’ve enjoyed working with icelolly.com and it has been great to be able to support them on this impressive journey of rapid growth and brand recognition. We look forward to a continued partnership with Richard and the rest of the icelolly team.”

Icelolly also expects to make further hires following Simon Lloyd’s recent appointment as Chief Marketing Officer and Elliot Muscant as Non-Executive Advisor. The company launched its biggest ever marketing campaign on 26th December.