G2i breaks the £11m barrier
Gateway2investment has reached a new milestone by raising £11m for companies
Gateway2investment (g2i), which prepares businesses destined for fast-growth for fund raising, has reached a new milestone by raising £11m for companies.
The programme, which launched in September 2005, has seen 18 technology companies successfully raise funds ranging from £170,000 up to £3m from investment funds, VCs and business angels.
Its workshops and consultancy services have been used by more than 400 London-based companies which the groups says is a clear sign that future success lies ahead.
“This is an important milestone for us and provides more evidence of the success of the g2i approach,” said Grant Thornton’s Simon Littlewood, manager of the g2i programme.
“We are seeing more companies successfully raising finance and also an increase in the size range of the deals.
“The g2i model is different to some traditional business support services that focused on helping start-up companies find the key to get through the door to the investment world.
“In contrast, the g2i method is more akin to people already in that world reaching out to pull in those companies showing enough potential.”
G2i was set up with London Development Agency backing to help fledgling technology companies in the capital overcome the difficulty of raising investments of £50,000 to £2 million.
© Crimson Business Ltd. 2007