Online investment platform launches to connect start-ups with “super angels”
Michael Acton Smith and Richard Reed among founding members of QVentures
Looking to close “the equity gap faced by some of the UK’s fastest growing companies”, QVentures (part of the Quintessentially Group) will allow “super angel” investors, entrepreneurs and venture capital firms across the UK and Europe to team up to invest in promising British start-up businesses.
Capped at 1000 members, the investment platform has already attracted support from Moonpig founder Nick Jenkins, music producer Harvey Goldsmith, Skyscanner founder Barry Smith, and Rated People’s Andy Skipwith, with the goal to help UK businesses raise “far more” finance than they would through traditional funding channels.
Leading venture capital firms such as Octopus Investments, DFJ Espirit and Balderton Capital, and equity crowdfunding site Seedrs, have also partnered with the investment club to support equity investments between £250,000 and £5m.
Having previously operated out of beta, the platform, which charges a 5% fee on successful rounds, has already funded two businesses; mobile taxi booking service Minicabster which raised £2m in a deal led by the chief executive of Just Eat, and video messaging app Wordeo, which recently closed £2.5m.
The investment club has even used the site to raise its own funds and recently secured £250,000 from a group of investors.
QVentures founder, Lex Deak, said of the launch: “We’ve created a modern twist on the private investment club.
“We’re connecting hundreds of seasoned investors, many of them hugely successful entrepreneurs in their own right, with the most promising early stage companies.
We aim to offer a select number of top tier deals to a vetted community of highly liquid, experienced and engaged individuals.
“We have also licensed the platform to other substantial angel networks which will help to build co-operation in the sector.”
Deak also plans to introduce an investment fund alongside the platform later this year.