# Ian Milbourn

> Ian Milbourn is a Series A investor at SeedCloud (Bristol) backing Software and Legal. See 9 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [SeedCloud](https://shizune.co/investors/profile/seedcloud)
- Location: Bristol, United Kingdom
- Total investments: 9
- Last investment: Jan 2023
- Lead investor: 44%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ian-milbourn-a3411012/

Ian Milbourn is a Series A investor at SeedCloud in Bristol focused on Software and Legal. Ian is a partner at Notion; he co-founded the firm in 2009 and is the Chief Financial Officer. Ian sits on the board of Zattikka and eSeller within Notion’s portfolio and focuses on the Consumer Services sector.Ian has a wealth of experience in corporate finance having led a number of transactions during his career. He is a qualifiedaccountant and started his career at Ernst & Young in their entrepreneurial services division where he worked with a wide range of early to mid-stage growth businesses.Ian joined MessageLabs in 2003 where he led transactions for both MessageLabs and Star covering financing and M&A in both the UK and US markets. Additionally, Ian managed all aspects of tax, equity incentives and financing for the company. Ian holds an honours degree in Business Management from University of Leeds.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 22% |
| Legal | 1 | 11% |
| Video | 1 | 11% |
| Gaming | 1 | 11% |
| Content | 1 | 11% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 33% |
| Venture - Series Unknown | 2 | 22% |
| Seed | 1 | 11% |
| Angel | 1 | 11% |
| Funding Round | 1 | 11% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Apperio | Apperio’s legal spend management software provides real-time visibility to help control and optimise your external spend with law firms. Data is gathered automatically, structured consistently and presented simply for analysis to help you make informed business decisions. Our unique approach of connecting directly with law firms’ practicemanagement systems provides ongoing and historical data at the touch of a button. This gives you complete cost certainty on both billed matters and work-in-progress legal fees. Apperio helps in-house teams to stay in control of their legal spend and build trust with external counsel by offering a collaborative, rather than adversarial approach to legal spend management. | $7M | Venture - Series Unknown | Jan 09, 2023 |  |
| Scoota | Scoota is an online advertising technology company that enables advertisers to create, activate, measure and optimise brilliant brand campaigns at scale.We offer a single programmatic platform for the creation and delivery of rich, high-impact formats via open real-time bidding and private marketplaces, without compromising creative executionor brand safety.Our technology includes a unique campaign delivery system that pre-reads an ad space in real-time so that the right creative is delivered into the right ad unit without the need for pre-testing and independent site integration.We care about and invest in an open and long-term approach, enabling partners to work with us through integration with their own systems of choice, or via our platform whether as a self-serve solution, or a fully managed service.Scoota was founded in London in 2008 and employs more than 40 people. In 2015, we won best overall programmatic technology at The Drum Digital Trading Awards and Silver for Best Ad Tech Provider at the 2015 British Media Awards. | $2.5M | Venture - Series Unknown | May 06, 2020 |  |
| Apperio | Apperio’s legal spend management software provides real-time visibility to help control and optimise your external spend with law firms. Data is gathered automatically, structured consistently and presented simply for analysis to help you make informed business decisions. Our unique approach of connecting directly with law firms’ practicemanagement systems provides ongoing and historical data at the touch of a button. This gives you complete cost certainty on both billed matters and work-in-progress legal fees. Apperio helps in-house teams to stay in control of their legal spend and build trust with external counsel by offering a collaborative, rather than adversarial approach to legal spend management. | $10M | Series A | Aug 28, 2018 |  |
| Apperio | Apperio’s legal spend management software provides real-time visibility to help control and optimise your external spend with law firms. Data is gathered automatically, structured consistently and presented simply for analysis to help you make informed business decisions. Our unique approach of connecting directly with law firms’ practicemanagement systems provides ongoing and historical data at the touch of a button. This gives you complete cost certainty on both billed matters and work-in-progress legal fees. Apperio helps in-house teams to stay in control of their legal spend and build trust with external counsel by offering a collaborative, rather than adversarial approach to legal spend management. | $2.2M | Seed | Mar 22, 2016 |  |
| EZ Education (creators of DoodleMaths) | EZ Education have created DoodleMaths, an adaptive-learning application that rapidly accelerates children's learning in maths. | $707K | Angel | Oct 06, 2015 |  |
| Scoota | Scoota is an online advertising technology company that enables advertisers to create, activate, measure and optimise brilliant brand campaigns at scale.We offer a single programmatic platform for the creation and delivery of rich, high-impact formats via open real-time bidding and private marketplaces, without compromising creative executionor brand safety.Our technology includes a unique campaign delivery system that pre-reads an ad space in real-time so that the right creative is delivered into the right ad unit without the need for pre-testing and independent site integration.We care about and invest in an open and long-term approach, enabling partners to work with us through integration with their own systems of choice, or via our platform whether as a self-serve solution, or a fully managed service.Scoota was founded in London in 2008 and employs more than 40 people. In 2015, we won best overall programmatic technology at The Drum Digital Trading Awards and Silver for Best Ad Tech Provider at the 2015 British Media Awards. | $3.9M | Series A | Oct 29, 2013 |  |
| Volo Commerce | Volo brings together data and intelligence from all over the commerce ecosystem and uses AI to provide real-time actionable insights. | $1.3M |  | Feb 19, 2012 |  |
| Zattikka | Zattikka Ltd was founded this year by Tim Chaney and Mark Opzoomer. Chaney has worked at the top of the videogame industry for 25 years, engineering two sales of and two MBO's of Virgin Interactive companies. Opzoomer as CEO of Yahoo! Europe and Rambler.com strategised and executed major business turnarounds. Zattikka is a blend of videogame,internet platform/distribution and internet/mobile gaming talent targeting fast track growth via acquisition of development talent and creation of IP. | $5.5M | Series A | Jul 21, 2010 |  |
| Volo Commerce | Volo brings together data and intelligence from all over the commerce ecosystem and uses AI to provide real-time actionable insights. | $2.5M |  |  |  |

9 of 9 investments shown.

## Co-investors
- [IQ Capital](https://shizune.co/investors/profile/iq-capital-partners) — VC Fund, 3 deals together
- [Molten Ventures](https://shizune.co/investors/profile/draper-esprit) — VC Fund, 2 deals together
- [Walking Ventures](https://shizune.co/investors/profile/lean-investments) — VC Fund, 2 deals together
- [ACF Investors](https://shizune.co/investors/profile/angel-cofund) — VC Fund, 1 deal together
- [Frog Capital](https://shizune.co/investors/profile/frog-capital) — VC Fund, 1 deal together
- [Juno Capital Partners](https://shizune.co/investors/profile/juno-capital) — VC Fund, 1 deal together

## About SeedCloud

VC Fund · London, United Kingdom

SeedCloud is an innovative new incubator program based in London. The SeedCloud project, inspired by a clear gap in the market, is the brainchild of Stephen Chandler (ex MessageLabs and Managing Partner at cloud-focussed VC, Notion Capital) and Graham York (ex HP senior CTO and director of a number of enterprise software companies). Theentrepreneur-backed program, aims to turn exciting early-stage technology ideas into real businesses with customers and revenues.

5 contacts available at SeedCloud.

| Name | Title | Profile |
| --- | --- | --- |
| Graham York | CEO, Co-Founder | https://shizune.co/investors/profile/graham-york |
| Greg Schroeder | Managing Director, IT Advisor | https://shizune.co/investors/profile/greg-schroeder |
| Ian Milbourn | Non executive consultant | https://shizune.co/investors/profile/ian-milbourn |
| Lee Burgess | COO, Co-Founder | https://shizune.co/investors/profile/lee-burgess |
| Stephen Chandler | Co-Founder, Non-Executive Chairman | https://shizune.co/investors/profile/stephen-chandler |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Ian Milbourn invest in?

Ian Milbourn invests primarily in Software, Legal and Video startups, most often at Series A and Venture - Series Unknown stage. Most of the 9 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ian Milbourn last invest?

The most recent investment recorded for Ian Milbourn closed in Jan 2023. Shizune tracks 9 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co