Portfolio
2
companies
Fnatic
Fnatic develops professional e-sports teams and entertainment products for global audiences.
Jiffy
Jiffy provides ultra-fast grocery delivery through a network of local dark stores and employed riders.
Lev Leviev
founder
Lev co-founded VK.com, founded Selectel, and chairs Emerging Travel Group. He also co-founded Moses Capital and founded LVL1 Group.
LinkedInThe rapid delivery company raised £20.4m from a syndicate including Heartland and Flint Capital to fund further growth.
"The pandemic certainly accelerated consumer’s needs for super-fast and convenient groceries, something supermarkets just can’t deliver. Jiffy only launched five months ago yet we are hugely proud of the rapid yet sustainable growth we have achieved."
The seed round was led by LVL1 Group to fund the initial launch of stores in London.
"Online express grocery delivery is a relatively new concept. It is gaining traction around the world and disrupting traditional neighbourhood convenience store shopping. Executing hyperlocal delivery requires a combination of online ecommerce and sophisticated offline retail and logistics expertise. Jiffy’s founders are experienced entrepreneurs with a proven track record in these areas, and we are confident in their ability to execute."
The investment ranks as one of the largest e-sports deals in Europe.
"Too often, investors highlight esports as an ‘up-and-coming’ and ‘burgeoning’ industry. It should be clear that e-sports has arrived and now represents one of the world’s leading entertainment sectors."
The funding round was led by Lev Leviev of LVL1 Group to support global expansion and product development.
"This is a pivotal moment in the evolution of Fnatic"
