Qodeo said it is raising funds to roll out its next generation global venture matching service, which “aims to revolutionise the global funding landscape”.
The company said 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 and new investors, including Christopher Clement Davies, who was formerly a director at S G Warburg, and a partner at law firms Fulbright & Jaworski, Wilde Sapte and Vinson & Elkins; and Sir Harvey McGrath, formerly Chairman & CEO of Man Group & chairman of Prudential.
Qodeo said it is seeking to close the round with funds from business angels, supplemented by the Seedrs crowdfunding campaign. The Seedrs target is £220,000 and is open to public investment immediately for a limited period.
Christopher Clement Davies, Qodeo angel investor said, “This thrilling venture from Qodeo fills a yawning gap in the global VC market, and I am excited to help the business address this compelling market need across the entire global venture ecosystem.”
Sir Harvey McGrath said, “Effective markets require effective intermediation built on timely, relevant and accurate data. This is what Qodeo seeks to provide for the PE/VC markets. Qodeo addresses the challenges that many entrepreneurs face when they’re seeking capital, as well as the challenges investors face when they’re seeking returns.”
Qodeo’s upgraded, online service will automatically feed matches to investors, VC & PE firms and entrepreneurs across all stages and sectors, the company said.
This angel and Seedrs campaign will fund the roll out of its upgraded Freemium experience, which is based on Qodeo’s original platform and tracks the profiles and investment needs of 17,000 organisations globally, including 1,500 leading VC & PE firms, it added.
Qodeo curates its unique dataset to drive matching results which features in-person interviews, to-date, with 700 VC & PE firms worldwide -enabled by collaboration with 24 leading business schools, the company said.
‘Serial Entrepreneur’, Julian Ranger said, “Finding investors is never easy, and ones that can bring more than money even harder – Qodeo provides the data and the toolset to make the processe asier for entrepreneurs and the whole ecosystem”.