Connectd, a growing network for the early stage business ecosystem, secured an additional £ 1.2 million in initial funding to expand into the European market.
The London-based firm helps startups, investors and consultants create and manage meaningful connections.
Founded by serial entrepreneur Roei Samuel and launched in February 2020, it has expanded its business with a new office in Stockholm, Sweden.
It has brought together over 1,000 startups and over 1,000 investors and business consultants while promoting over 20,000 connections in over 10 countries.
Connectd operates through a subscription-based model and has grown by an average of 16% every month since its launch. In just over a year, his team has grown to 40 employees working across the UK, India, Sweden and Poland.
“This investment takes us another step towards becoming the leading community-driven platform that provides founders, investors and consultants with the holistic tools they need,” said CEO Samuel.
“Our new legal tool is designed to benefit founders and investors by helping them establish their essential legal documentation without incurring expensive fees.
“In addition, our new portfolio solution allows angel investors to see everything in one place thanks to our smart dashboard.”
Rob Wilmot, TEDx Speaker and founding executive of Freeserve, joined the round; Jonas Anker, CEO of Anker Capital; Business Angel, Gareth Hawkins; the serial entrepreneur brothers Aleks and Dejan Subosic of Deep North; and Steve Scruton, former head of Equity Research at HSBC.
Subosic said: “We see a huge global application for Connectd’s technology and, having built, abandoned and invested in businesses across Europe and beyond, we are thrilled to help launch Connectd in Stockholm in the second quarter and build from there a wider European footprint “.
The launch of ConnectdLegal provides members with a hub for easy access to documents including SEIS / EIS registration, consulting agreements for NEDs and directors, NDAs and employment contracts. Advisors and investors will be able to share the instrument with their portfolio companies.
The new ConnectdPortfolio tool acts in the same way as a consumable dashboard for a crypto-portfolio or public stock, but tailored to the investment ecosystem early on. It allows investors to manage all their angel investments in one place and is not limited to investments made through the Connectd platform.
“Connectd has proven to deliver steady month-to-month growth and the trajectory for the business looks very strong. I feel I can add value beyond my investment to Roei and her team, which is why I am delighted to embark on this journey with them, ”said Paul Redbourn, former head of Equity at UBS and investor in Connectd.
The initial £ 1.2 million round of Connectd to launch the platform in Europe
Source link The initial £ 1.2 million round of Connectd to launch the platform in Europe