Qodeo, which monitors the global venture ecosystem, has just begun a crowdfunding campaign on Seedrs.
The company is raising money to roll out the first global service that automatically matches best fit investors with entrepreneurs. It has already raised half of its total funding target for this round of £500,000, from follow-on investments by many of its 23 existing angel investors, plus new investors, including Christopher Clement Davies, formerly Director at S G Warburg and partner at law firms Fulbright & Jaworski, Wilde Sapte and Vinson & Elkins; and, Sir Harvey McGrath, formerly Chairman & Chief Executive of the Man Group & Chairman of Prudential.
Qodeo is hoping to close the round with funds from business angels, supplemented by this Seedrs crowdfunding campaign. The Seedrs target is £220,000 and is open to public investment.
Qodeo’s upgraded, online service, sets out to automatically feed matches to investors, currently VC and PE firms, and entrepreneurs, across all stages and sectors. This angel and Seedrs campaign will fund the roll out of the upgraded Freemium experience, which is based on Qodeo’s original platform, which tracked the profiles and investment needs of 17,000 organisations globally, including 1,500 leading VC and PE firms. Qodeo curates its unique dataset to drive matching results, featuring in-person interviews, to date with 700 VC and PE firms worldwide, enabled by collaboration with 24 leading business schools.
Simon Glass, CEO, Qodeo, said: “The global venture community needs change. It wastes considerable time and money identifying funders and portfolio companies. Entrepreneurs, investors and corporate advisors globally need an easy to use platform to get to market faster and connect with best-fit partners.
“The venture-entrepreneur relationship is like a marriage – you don’t want to marry the wrong partner. Our automated and personalised service, based on our original service, will address the challenges faced by the global venture ecosystem. We are delighted that such a vast number of well-respected angel investors, both new and existing, are committed to helping the VC, entrepreneur and advisor community to become more efficient, and for us to realise our global growth ambitions.”