Elvie’s Big, Bumpy Ride with Brexit
It’s not just the London skyline that could get a bit bruised—this female‑led tech start‑up is warning that if a post‑Brexit climate turns ugly, they might have to pack up and find a new playground. The company’s CEO, Tania Boler, told the Press Association that while the UK has long been a hotbed for start‑ups, the future is uncertain.
Why Elvie is at the Heart of the Debate
- Funding Victory – In April, Elvie pulled in the biggest ever femtech investment: a $42 million Series B led by IPGL, and backed by Octopus Ventures and Impact Ventures UK.
- Fast‑forward Income – They’re projecting £23 million in revenue for 2019 with their silent, wireless breast‑pump (the first of its kind worldwide).
- Global Pulse – “We’re already nimble and spread out across the globe,” Boler said. “If Brexit’s bite threatens the UK’s tech scene, we’ll seriously consider relocating.”
So, will the distant winds of Brexit send Elvie packing, or will they find a way to keep pushing the tech frontier from London’s own streets? Time (and market conditions) will tell.
