People’s Champion finalist 2016: SyndicateRoom
Does “the UK’s first investor-led crowdfunding platform” have what it takes to be your People’s Champion?
Start-up name: SyndicateRoom
Founder: Gonçalo de Vasconcelos and Tom Britton
Started in: 2013
Based in: Cambridge
Business description: An investor-led crowdfunding platform
The SyndicateRoom story:
Claiming to be the “UK’s first investor-led crowdfunding platform”, Syndicate Room has a vision that on a £1-per-£1 basis, investors of any size should make or lose the same amount of money – sharing the risk and reward fairly.
Syndicate Room enables individual online investors to invest alongside angels on the same economic terms. It lists deals that have achieved at least 25% of their investment targets from an investor or syndicate and replicates it for the crowd.
The business also claims to be the first and only crowdfunding platform to allow its members to take part in IPOs and placings on AIM and the London Stock Exchange. And its most recent innovation is what is believed to be the first ever “passive EIS fund” that uses technology and data instead of a fund.
SyndicateRoom says that 80% of companies it lists meet their investment targets (compared to 40% for competitors), while 97% are still trading.
Why SyndicateRoom made our shortlist:
In just three years, SyndicateRoom has helped 80 companies collectively secure almost £60m in funding through its pioneering platform – all while helping to democratise the process for investors of all sizes.