Two Magnolias is a UK-based venture capital firm that invests in early-stage technology companies.
Portfolio
3
companies
Movetru
Movetru develops wearable and software solutions for biomechanical movement analysis and injury prevention.
Sprive
Sprive provides a mortgage overpayment application that helps homeowners reduce interest costs and clear debt faster.
The Sustainability Group
The Sustainability Group develops the FuturePlus sustainability management platform.
Jessica Rasmussen
Co-founder & CEO
The pre-seed round was led by Two Magnolias to support the sports technology startup as it launches across Europe.
"We are absolutely thrilled to be leading this round for Movetru. Naomi and her team are solving a critical gap in sports performance with grit, vision, and world-class execution. Movetru represents the best of Northern Ireland’s tech talent, and we are excited to back them on this journey."
The investment round was led by Ascension with backing from Channel4Ventures, Velocity Capital, and TwoMagnolias.
"Sprive is set to have a huge positive impact on our customer’s finances, as our average user is already on track to slash three years off their mortgage term, collectively saving our users more than £100 million in interest alone. We’re proud to offer the fastest way to financial freedom for the homeowner and we’re determined to help as many as possible achieve it."
The overfunded upround was backed by Two Magnolias, high net worth individuals and family offices.
"Our growth momentum this year has been tremendous, and we’re set to continue on this trajectory thanks to the support of our investors."
