Investment crowdfunding platform GrowthFunders (Growth Capital Ventures) is scheduled to close their self-crowdfunding round tomorrow (Sunday, October 12, 2014) having beat their £150,000 initial goal. Organizers state they raised the £150,000 in just ten minutes. The equity crowdfunding campaign stands at £222,700 raised to date by 45 investors. Information from GrowthFunders say the single largest investment has been £25,000 with the smallest standing at £100. The company shares they currently have a pipeline of approximately 100 businesses seeking to raise £20 million in capital. The offer to purchase shares in Growth Capital Ventures are both SEIS and EIS eligible. They are authorized and regulated by the Financial Conduct Authority.
GrowthFunders was “soft-launched” in January of 2104 and is the first in a proposed suite of “capital introduction platforms”. The company has stated their target exit strategy is a “strategic trade sale with the option to split the platforms and sell them individually”.
GrowthFnders offers companies seeking capital end-to-end support throughout the funding process. The management team works with entrepreneurs and investors pre-, during, and post- funding. As part of the pre-funding process, they ensure that businesses are investor-ready. During the crowdfunding process, GrowthFunders will match entrepreneurs with investors. The platform will work with the companies on post-funding as well seeking to drive the value of the business and an exit.
GrowthFunders was co-founded by CEO Norman Peterson and COO Craig Peterson.
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