Lost Wax develops software for online auctions and has sold its products to customers such as Egg, Orange, Sony, General Motors Online Finance and the Baltic Exchange. Sales have grown 136% a year from £863,000 in 1999 to £4.8m in 2001. In September last year the London company raised £3m in funding from Prudential, Ideo, a Silicon Valley firm, and its existing private investors.

Tom Ilube left the investment bank Goldman Sachs to found Lost Wax in 1996.

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Company details
Year2002
Rank20
CompanyLost Wax
ActivityInternet software developer
LocationRichmond
Average 3 year sales growth136.03%
Latest sales £000s4,808
Staff85
Founded1996
Websitewww.lostwax.com

If applicable:

* supplied by company † annualised figure