Top new businesses of 2014: VentureFounders
The new equity crowdfunding platform helping to fund some of the UK fastest-growing start-ups…
Founders: Paul Moravek and James Codling
Launched: September 2014
With the alternative funding market now worth an estimated £1.74bn, VentureFounders has capitalised upon the rising demand for start-up finance with its equity crowdfunding platform which specialises in helping early-stage, scalable and high-growth businesses.
Founders Paul Moravek and James Codling were inspired to create the business having looked at crowdfunding as equity investors themselves and concluding that there wasn’t the right level of “quality deals that they could invest in”. After a meeting of minds over a round of golf, the entrepreneurial duo decided they could bring “well-structured and diligent deals” to the market by screening every single investment opportunity, and from there the idea grew legs.
Launched just four months ago, the six-man-strong start-up has already facilitated three successful crowdfunding campaigns including £425,000 raised for Startups Awards winning recruitment marketplace HiringHub, and an impressive £900,000 fundraise for the Freedman Chair innovation, with several other businesses currently pitching on the platform.
Despite the market becoming increasingly competitive, Movarek and Codling expect to ramp up company growth in 2015 with claims that their fundraising strategy helps to “maximise investor returns”. The start-up’s support from influential leaders within the space also reflects its potential to scale with Seven Hills co-founder Nick Giles and Liberty London director Ryan Thomas among its many senior advisers.