AllBright, a London, UK-based all-female members’ club and digital network, raised £13m in funding.
The round, which was led by Cain International, brought total funding raised to date to £25m and the valuation of the company to £100m. Other backers included Allan Leighton (AllBright Non-Executive Chairman and former CEO of ASDA); Gail Mandel (former President and CEO Wyndham Destination Network, to whom Wosskow sold Love Home Swap in 2017); Stephanie Daily Smith (DNC Consultant, former Deputy National Finance Director to Senator Hillary Clinton); and Darren Throop (Founder, President and CEO of Entertainment One).
The company intends to use the funds to expand operations with the opening its first overseas club in Hollywood in September this year. It will also fund the international roll-out of further sites and the growth of AllBright’s digital community.
Co-founded by Anna Jones (1) and Debbie Wosskow (2), AllBright is a global collective comprised of members clubs, special event programming and a digital network that connects smart-thinking women. The company recently launched AllBright Connect, a digital app which connects and cultivates a global sisterhood; the AllBright Magazine; and the release of Wosskow’s and Jones’ book, Believe, Build, Become.
AllBright’s first members’ club counts actors Naomie Harris and Olivia Wilde among its Founder Members, as well as entrepreneur and House of Lords peer, Martha Lane-Fox, and MOBO Awards founder Kanya King.
The second club opened in May 2019 in Mayfair extending over 5 floors, 12,000 sq ft in size, features an 80-seat restaurant and bar, two large roof terraces and a dedicated space for coaching and mentoring to continue the focus on networking and nurturing women at work.
The first international club, The AllBright West Hollywood, will open in September 2019 on Melrose Place.
(1) Anna Jones is a British businesswoman and entrepreneur who lives in London, UK. Jones served as CEO of Hearst Magazines UK until April 2017 where she transformed the business through a strategic diversification strategy, growing audiences digitally and by expanding into events, licensing and brand services.
She joined the Board of the Creative Industries Federation in 2015 and from May 2017 to April 2018 served on the Board of Telecom Italia as a NED and as Chairman of the Nomination and Remuneration Committee.
(2) Debbie Wosskow is a British entrepreneur based in London, UK. She is the former CEO of Love Home Swap, a subscription-based home exchange business, which she sold for $53m to Wyndham Destination Networks in July 2017.
Wosskow is a Member of the Mayor of London’s Business Advisory Board and sits on the Board of the Women’s Fiction Prize. In 2016 she was awarded an OBE for her services to business. Wosskow won the Evening Standard’s Business Award for ‘Entrepreneur of the Year’ in June 2018. She was awarded the Freedom of the City of London in April 2019.