UK-based online equity investment platform VentureFounders announced that more than £40 million has been invested in campaigns presented on the platform since it launched at the end of 2014, a news release disclosed.
The company, which participates in average funding round sizes of £1.8 million, has a focus on funding the UK’s disruptive scale-up businesses with an average individual investment amount of around £15k and an average portfolio size of around £50k.
Co-Founder and Managing Director, James Codling explained that:
85 percent of our investment portfolio now has institutional backing, which has resonated well with our investor base, who want to know sufficient due diligence has been carried out on the businesses in which they invest.
The fundraising campaigns success rate of the company topped 87 percent, a mark which Codling attributes to the a careful due diligence during the investment process:
We carefully select and due diligence potential opportunities as part of our investment process, which is why we have seen success in reaching our fundraise targets when they go live on the platform.
Looking ahead, Codling has significant plans to grow the business in 2017:
We now have a lot of momentum behind our business model and highly ambitious growth targets for this year. After a lot of groundwork to create an experience that caters for sophisticated investor, the wheels are in motion for us to now ramp up our operations and significantly increase the number of high-class opportunities funding through the platform, and the volume of investment they receive.
Find out more here.