Crowdfunding platform FundTheGap acquired by Darwin Strategic
Management buyout will see small-cap equity financer add service to its own offering
Small-cap equity finance specialist Darwin Strategic today announced the purchase of crowdfunding start-up Fund The Gap for an undisclosed sum.
Founded in 2012, Fund the Gap is a crowdfunding platform aimed at start-ups and small firms looking to raise up to £2m in equity from private investors.
The service was launched in 2013 with the aim of providing a professional, highly-vetted, alternative to other companies in the fast-growing equity crowdfunding sector.
Founder and former chief executive of Fund the Gap Derek Uittenbroek will move to Darwin as part of the deal and will be allocated a management role in the new operation.
Amongst the other founders, Ken Ford is set to become a non-executive director whilst Martin Sherwood and Christian Elmes will remain involved as shareholders in the new business.
Derek Uittenbroek said: “We have worked hard on our proposition to ensure we are highly differentiated from the competition and to establish a healthy pipeline of high quality investment opportunities from the outset.
“This is a tremendously exciting opportunity for us to work closely with – and have the support of – an experienced and specialist team that is as focused on we are on helping growth companies to access capital.”