Majority investment
Chanrossa
A Scottish independent luxury group with three core brands in Spirits & Drinks and Beauty & Wellness.
02 · Portfolio
What we hold.
Anchor holding
Chanrossa
A Scottish independent luxury group with three core brands in Spirits & Drinks and Beauty & Wellness. Isle of Raasay Distillery, Feragaia, Jorum. Biebod holds a stake in Chanrossa alongside the Dobbie children.
Raasay DistilleryJorum
Majority investments
Majority investment
Isle of Raasay Distillery
Single malt Scotch whisky and Hebridean gin, distilled on the Isle of Raasay.
Majority investment
Jorum
The Jorum Studio perfumery in Leith, The Faceplanner, and the Frantoio retreats in Tuscany.
Majority investment
Feragaia
Scottish alcohol-free distilled spirit, made in Fife from land and sea botanicals.
Minority investments
Minority investment
Cloudsoft
Cloud software and services, specialising in complex enterprise migrations.
Minority investment
LendingCrowd
UK fintech lending platform for SME loans.
Minority investment
Bella & Duke
Raw, natural dog food delivered across the UK.
Minority investment
Lumen Research
Attention measurement for digital advertising. Merged with Avocet in 2023.
Minority investment
Pentech
Venture capital investor backing seed and early-stage software companies.
Minority investment
Parsley Box
Home-delivered ready meals for older customers. Part-realised at roughly 2.5x; residual retained.
Minority investment
Gilda & Pearl
Luxury lingerie and loungewear, made in the UK.
Minority investment
SocialTip
Cash rewards for customers who post about the brands they love.
Minority investment
Edinburgh New Town Cookery School
Professional and leisure cookery school in Edinburgh's New Town.
Prior investments
Sold to Scottish Telecom
Teledata
Call centre turned early Scottish internet service provider, co-founded with Angus MacSween. Returned 35x.
Floated on AIM, 2000
iomart
Cloud computing and secure managed hosting, co-founded in 1998. Returned 20x across the sell-down.
Exited 2002
AboveNet JV
Fibre infrastructure joint venture during the telecoms build-out, exited before the 2002 collapse. Returned 3x.
Sold to Video Island, later LoveFilm
DVDs365
DVD rental-by-post pioneer. Returned 1.5x.
Sold to Hitwise, 2006
HitDynamics
Search campaign management and conversion tracking software, built in Edinburgh.
Floated on AIM, 2010
Cupid
Online dating group built from EasyDate into a listed consumer internet business. Returned 23–32x on the tranches sold.
Sold to Oracle, 2015
Maxymiser
Category leader in web experience optimisation and testing. Returned 9.0x.
Sold to Scopely, 2023
Tag Games
Dundee mobile games studio, backed from work-for-hire into its own IP. Returned ~18x.
Realised, 2017
Seedcamp Fund I
European seed fund position, backed around 2013; realised at a loss.
Sold to Puzzel, 2019
Logicalware
Customer-service software, restructured under Bute Technologies. Returned ~1.9x.
Sold to Unity Technologies, 2019
ChilliConnect
Live game operations platform, spun out of Tag Games.
Exited after the 2021 AIM flotation
The Scotch Malt Whisky Society
The world's leading single cask whisky club, via parent Artisanal Spirits Company. Returned ~1.5x.
Sold to Faurecia, 2021
designLED
Automotive lighting technology, built in Livingston. Returned ~11.7x.
Realised 2021
DigitalBox
Digital media publishing group. Returned ~6.5x.
Sold to Perkbox, 2025
LoveElectric
Electric car salary sacrifice for UK SMEs. Returned a multiple of cash, with an earn-out running to the end of 2026.
Acquired by Employ Inc., 2025
Pillar
AI interview intelligence for fairer hiring.