Scottish Start-Ups Beer52 and Flavourly Both Raised Capital Equity Crowdfunding on Angels Den.
The UK British Angels Association hosting their annual awards dinner tonight and two of Scotland’s coolest start-ups, Beer52 and Flavourly are vying for the same award having raised investment earlier in the year from a combination of traditional angel investors and equity crowdfunding. The award for Best Equity Crowdfunded and Angel Deal, celebrates businesses that have successfully raised investment from Dragon Den style investors at the same time as using the online mechanism of a crowdfunding platform. In the case of this pair of young companies they used Angels Den.
‘The money has helped us achieve rapid business growth that is now self sustainable and we have created more jobs along the way. The power of having such a large pool of highly connected investors is invaluable.”
However, tonight O’Rorke is up against close friend James Brown, the founder of the UK’s largest and fastest growing craft beer club, Beer52. James was recently included in the Forbes top 6 UK young entrepreneurs to watch.
Both entrepreneurs pitched to investors on Angels Dens crowdfunding platform and went on to raise over £100,000 each in a matter of weeks. Brown is also a big advocate of crowdfunding because it “provides our fans with the chance to become part of our story and join us on our craft beer adventure”. What made Beer52’s pitch even more compelling was the inclusion of rewards in the offer.
The combination of Angel Investment and Crowdfunding, has been titled “Angel Crowdfunding” by Angels Den. Many in the financial industry see it as the future of funding start-ups businesses because of the invaluable combination of having experienced business investors on board but doing so through the click of a button online.
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