Envestors, a digital marketplace to connect UK startups and investors, raised £2M in funding.
The SidebySide EIS Fund made the investment.
The company intends to use the funds to:
- grow the network of partners using Envestry, including accelerators, incubators, universities, angel networks and larger enterprise clients,
- enhance the platform, building on ‘smart matching’ functionality, and
- develop its investment readiness services to help startups increase their chances of raising capital.
Led by Oliver Woolley, CEO, Envestors provides a connected marketplace for the UK’s early stage investment market. The marketplace, powered by its white-label investment platform Envestry, facilitates the investment process for all parties, making it easier for startups to raise investment and for investors to build diverse portfolios.
Partnering with networks, accelerators and incubators, the company provides a branded site where they can engage investors, promote deals and connect to other networks.
The platform already has a number of customers including:
- SetSquared, the number one global incubator, a collaboration between the Universities of Bath, Bristol, Exeter, Southampton and Surrey;
- Bristol-based network Plerith;
- soon-to-launch OBN Ventures, the life sciences membership organisation; and
- Prospedia Capital which focuses on advanced automotive technologies.
FinSMEs
02/07/2020