News Site Secures Seven-Figure Angel Investment from MyVoucherCodes.co.uk Millionaire

PRLog (Press Release) - May 10, 2011 - Blottr.com, the London-based user generated news startup, has closed its first round of outside financing with MyVoucherCodes.co.uk founder Mark Pearson, who has committed a seven-figure sum to the business.

The deal, one of the largest single-investor Angel deals in Europe from the last 12 months, sees Pearson commit £250,000 immediately; with the remaining amount spread over the next 6 months based on the business meeting certain milestones.

Founder of Blottr, Adam Baker, had the following to say about the investment:

“I’m delighted to announce this deal. Not only have we managed to secure significant funding to enable us to aggressively grow Blottr and broaden the locations we’re currently in, but we are able to welcome a hugely passionate, successful entrepreneur in Mark to our team and board.”

Blottr.com, which exited Alpha in February 2011, enables anyone to capture, report, collaborate and discover news happening around them.

The company will use the investment to scale its operations, initially by bolstering its team and launching into 5 new UK cities over the coming weeks.

Mark Pearson, chairman of MyVoucherCodes.co.uk and Blottr investor, also commented on the deal:

“Blottr is the most exciting news start up I have seen and I feel it has a perfect fit with the portfolio of companies that I have invested in. I am hugely excited about the long term potential of Blottr and also impressed by the rapid growth and traction that the company has already gained in such a short period of time".

Mark Pearson was recently named in ‘The next richest 1,000’ of The Sunday Times Rich List; with his personal worth exceeding £60m at the age of 31.

MyVoucherCodes.co.uk is the UK’s leading discount and voucher code website, saving consumers £65 million in 2010 alone. Mark Pearson was also recently named the Growing Business Awards’ prestigious ‘Entrepreneur of the Year.’

ENDS

LINKS: http://www.blottr.com  http://www.MyVoucherCodes.co.uk          

Editor’s Notes

Mark Pearson, chairman of MyVoucherCodes is a regular media contributor regarding online shopping and the credit crunch. At 31, his personal worth is more than £60 million. Mark was previously a trainee chef working for Gordon Ramsay at Claridges, London.

Mark appeared as a ‘Secret Millionaire’ in the series on Channel 4, in which he donated £115,000 of his own money to worthy causes.

MyVoucherCodes has had sales exceeding £600m in the last year

Consumer savings on online shopping via MyVoucherCodes.co.uk up from £52m in 2009 to £65m in 2010.

MyVoucherCodes is the UK’s most popular discount site.