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VentureFounders raises over GBP3.95m for British businesses in four months


VentureFounders has helped four growing British businesses raise a total of GBP3.95m across their investor base since its launch last September.

The new equity crowdfunding platform was created to make angel style investing in startups more accessible to all. Each investment opportunity has been subject to a detailed process of due diligence by the VentureFounders team to ensure that they have potential for growth and profit, a sustainable competitive advantage, a clear path to commercialisation, a strong management team and viable monetisation options.
Companies looking to fundraise on the platform are not limited by sector and have ranged from manufacturing the world’s first truly ergonomic chair to a disruptive online recruitment platform:
Atlantic Kitchenstarted in 2012, selling its raw seaweed, dried and ready to cook flagship range to clients and high-end restaurants as well as selling directly to consumers online. 

The company is seeking GBP231,748 in return for a 13% equity stake in the business to finance the company's next growth phase of launching bowl soups into mainstream retail, followed by other product lines.  
Connexin was founded in 2006 and provides cost-effective, high-speed internet, phone and cloud services to UK residential and business customers which combats poor rural and metropolitan broadband connection. With growing revenues, a successful business model and proven technologies, Connexin is raising GBP660,000 in return for a 11% equity stake in the business to finance the expansion of its national footprint. 
Minestor is a technology company that has created an app, Reactn, which captures consumer feedback at the point of service and delivers it directly to staff, allowing service-led organisations to increase consumer satisfaction, operational efficiency and staff engagement. MineStor is looking to raise £285,000 in return for a 25% equity stake in the business to fund the roll-out of the Reactn application, secure key personnel and drive sales & marketing campaigns to accelerate customer acquisition.
All financing rounds are EIS eligible.
James Codling, co-founder of VentureFounders, says: “We are thrilled to have already completed four fundraises for these innovative businesses as we enter 2015. We want to push the boundaries of what crowdfunding can achieve and meet the evolving needs of both growing British businesses and knowledgeable investors. These fundraises, and in particular LabMinds being overfunded, demonstrate the appetite for a new approach to crowdfunding.”
Paul Moravek, co-founder of VentureFounders, adds: “Each of these investments has a strong product, a clear potential competitive advantage and a committed management team. The funds raised through our platform and investor bases will help these businesses succeed in their respective markets and we look forward to our continued partnership with each of them. We are constantly looking for innovative businesses with potential and we have an exciting pipeline of companies ahead.”

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