Capital Pilot launched its first £ 5m fund to make automated equity investments in high growth UK start-ups.
The investment ratings agency uses automation to evaluate the business model and staff of a potential start-up business.
It links this to human analysis and identifies flaws that start-up firms need to resolve, before deciding whether it is suitable for investment.
Start-ups that meet the correct criteria automatically qualify for financing, pending final due diligence checks. Its services are aimed at speeding up the investment process for potential investors.
However, through its Boost Fund 1, the Capital Pilot is making direct investments of £ 50,000 per start-up business, with the £ 5m pot being funded by high net worth investors.
It aims to make 100 of these investments over the next six months, which the Capital Pilot claims to be the most active start – up investment fund in the UK by volume.
Capital Pilot says its approach can provide capital to founders who are under-represented by investors.
The first five start-ups in which the fund has invested include two female entrepreneurs, one founder from a BAME background and two companies based outside London.
The five Pilot start-ups with investment are:
- Bubbl, a code – free web app development platform
- DabbaDrop, a sustainable, waste-free takeaway service
- Fanslide, an in-play fantasy football game
- ORB Innovations, a mouth guard that tracks sports performance
- YesRef, digital management and payment for sports officials
“I am delighted that the first cohort of investments in the Boost Fund reflects Capital Pilot’s vision to ensure equal access to finance for companies and founders from all backgrounds,” said Richard Blakesley, founder and CEO of Capital Pilot.
“We are confident that the Boost Fund will overcharge start-ups across the UK, and I encourage founders to explore the objective, transparent and expeditious application process that helped us design for the Boost Fund.”
Anshu Ahuja, co – founder at DabbaDrop, said: “As a female founder of the BAME community, I felt like an outsider in the world of investment and financing because the people I came across were from a more traditional background.
“The Pilots 1 Capital Boost Fund has enabled us to (quickly) access investment based on the attraction we have worked so hard to build within the business, rather than my background.”
Capital Pilot Fund makes the first automated investments in five UK start-ups
Source link Capital Pilot Fund makes the first automated investments in five UK start-ups