Foresight Group (Foresight), a listed private equity and infrastructure investment manager, has made a £600,000 growth capital investment in Lillicoco Limited (Lillicoco), using equity finance from the Midlands Engine Investment Fund (MEIF).
Lillicoco is an e-tailer of women’s affordable luxury antique jewellery, including rings, bracelets, necklaces and pendants – ranging from £100 to £5,000 per item. Each item is authenticated and certified in-house. It is then listed on Lillicoco.com with a detailed condition report, as well as high-definition photos and videos. The Company boasts a 4.9/5 Trustpilot score, making it the most positively reviewed and trusted online operator in the market.
Currently based in Bristol, Lillicoco was founded in 2016 by Simon Green and Stacey Lillico, alongside their full-time jobs. As a trained gemmologist, Lillico began to directly source high-quality, antique stock across the UK and used her skills to refurbish and upcycle each piece. Simon, with a background in eCommerce, launched the Lillicoco website with the aim of becoming the trusted go-to brand for antique jewellery.
The investment will enable the Company’s growth plans with new key senior hires. Lillicoco plans to open a workshop in Birmingham, near the Jewellery Quarter, and hire a local team. It is estimated that 15 to 20 skilled jobs will be created in the region through to 2025.
