VentureFounders, a UK-based early-stage equity crowdfunding platform, has successfully closed a financing round of £1.8 million for Cipher Surgical. The investment, which attracted 157 investors, has enhanced the platform’s mission of making venture capital and angel investing more accessible, transparent and affordable to UK businesses.
VentureFounders was established in 2014 by James Codling and Paul Moravek. The company focuses on helping early stage businesses with high scalability and potential growth to get financing more easily. So far, it has helped 10 companies raise over £20 million in investment.
They have recently appointed Martin McCourt, former global CEO of Dyson, as VentureFounders new board chairman. McCourt said that he is impressed by the kind of unique and lucrative investment opportunities that the company offers to their investors. He added that he is ready to share his expertise in steering the company’s growth.
In the past one and half years, the company’s database has increased to over 1,000 investors. The individual investment on the platform averages £11,000.
Codling, CEO of VentureFounders, said that the capital is a big boost to the company’s expansion plans. He also believes that the new chairman, who has been a great supporter of their business, will use his exceptional leadership skills to take the company to another level.
The platform has remained unique because of its dynamic due diligence process when scrutinizing investment opportunities. They also have a painless exit strategy which accommodates businesses that wish to eventually leave.