“Magenta’s investment is testament to the amazing growth story of our business over the last 24 months - from industry challenger to clear market leader in yachting, successful entry into the asset management space for the UHNW family office client and the first steps into new verticals. Alongside Magenta and our incoming Chairman, Simon Morse, we have ambitious plans - commencing with several exciting upgrades to our technology alongside a substantial investment in sales and marketing and the opening of several new offices.”

 Ian Flanagan – Founder & CEO, Voly

Voly

Date Invested: February 2021

Sector: Technology

Geography: UK / Global

Website: https://www.voly.co.uk

Deal Team: Tom Matthews, Chase Emson

Founded by former tennis pro Ian Flanagan, Voly offers a comprehensive accounting and treasury management solution with curated ancillary modules, enabling yacht owners, captains, management companies and family offices alike to manage and report a yacht’s activities in real time with limited overhead resource.

Over the last 5 years, Voly has invested significantly in its software and support capabilities which has facilitated c.50% per annum growth (including throughout the pandemic) and the expansion into adjacent verticals of family offices and media.

The investment underlines Magenta’s approach of backing high growth, niche businesses with strong prospects and exceptional management teams. The investment is the sixth of Magenta’s latest fund, which targets equity investments of £5m - £20m.