SyndicateRoom, previously an investor-led investment crowdfunding platform and now more of an early-stage fund, says April was a record month.
According to an email distributed by SyndicateRoom CEO Graham Schwikkard nine startups completed their funding rounds during the lockdown. Reportedly, Kluster, Thermulon, Lumi-Plugin, Note Taking Express, RotaGeek, Nix&Kix, and three other companies were funded during the month.
SyndicateRoom pointed to an investment in UK-based laundry startup Oxwash alongside well-known investors like Twitter co-founder Biz Stone and Indeed co-founder Paul Forster.
SyndicateRoom also disclosed it has raised additional funding. An undisclosed amount of “interim” funding was collected to “shore up” the balance sheet. The company believes it is now in a position not only to operate but to grow.
SyndicateRoom’s fund tracks over 1000 startup investors and then mimics or co-invest alongside the most successful investors. The company transitioned into this model at the end of 2019. The fund, Access EIS, seeks to diversify across 50 different investments. There is a minimum of £5000 to invest in the fund. Currently, Access EIS has 246 investors.
A list of SyndicateRoom’s portfolio companies are available here.
