Up to a dozen business owners will attempt to woo potential investors at a speed funding event in the style of BBC’s Dragon’s Den in London on Thursday.
Angels Den is running a speed funding event to allow people to pitch their businesses on a one on one basis to local investors. The owners will give a short speech to the assembled Angels, before getting a chance to network with all of the potential investors.
Follow up meetings can be arranged with the Angels after the event at Edwards Wildman offices in central London.
The events offer a useful avenue for businesses to attract investment at a time when getting a loan from the bank can prove difficult.
More than 90 per cent of business owners find at least one investor interested in supporting their business at speed funding events, Angels Den said, while the average company attracts 3.4 interested angels.
ParcelGenie, which has bases in London and Brighton, is one of the companies to have found funding through an Angels Den event. The instant gift messaging service received investment and the benefit of experience from the investors.
John Taylor, founder of ParcelGenie, said: “Angels Den provided access to a pool of smart investors who made decisions very quickly and played an important role in our recent large funding round. There are few high quality sources of experienced investors with money to invest and an understanding of the start-up landscape. Angels Den plays an important role connecting fast-growth businesses with serious investors.”
ParcelGenie, which found funding within one month of their first pitch at a speed funding event in London, allows customers to send real gifts to friends and family without the need for a delivery address.
People can send a gifts through the company’s website or an app. Customers select a recipient from their phone book or contact list on a social networking website, before adding a personal message and sending the gift. The recipient can then choose where they would like the gift to be delivered.
Angels Den’s two Angel Clubs in London are usually attended by 15 or more potential investors. It also runs a specialist tech club which is focused on providing funding for high tech businesses.