We have some big news – we’re pleased to announce that we have successfully raised £3.5m of growth capital to finance our exciting growth plans, having originally set out to raise only £2.5m. We’re delighted to have significantly exceeded our target and this second fundraise now means the business is valued at £10m, almost triple the valuation of £3.5m from our first raise in 2016.
As well as being used to carry out more promotion and develop our infrastructure, this new funding has enabled us to start building out our personnel in key areas – such as the Investment, Business Development and Client Services teams – which has allowed us to introduce various enhancements to the service we offer to both private investors and fundraising/portfolio businesses.
One of the main developments is our new commercial property arm, which we have recently launched in conjunction with a team of highly experienced property professionals. This complements our core, tax-efficient investment opportunities in growth companies, and helps provide our investors with the opportunity to diversify their portfolios.
In terms of building out our existing teams – adding to our Business Development team, for example, means we have now been able to assign an experienced relationship manager to all of our HNW and Sophisticated investors. We’re now able to engage with our investors on a regular, one-to-one basis and therefore provide a carefully tailored and personalised service, which is something we’re very proud of and which we feel is generally lacking in our industry.
Likewise, adding to our Investment team, and recruiting to our panel of sector experts, is enabling us to provide even greater expertise to the businesses we back. We offer far more than just the provision of money, including an ongoing and hands-on management support and mentoring programme, businesses throughout the lifetime of our involvement – from fundraise right through to investment exit.
Our CEO, Ian Zant-Boer, says: “We’re delighted to have raised £3.5m – whilst we had a lot of support from our existing investor base, it’s fantastic that a significant amount of the funding also came from new investors, including some HNWs based overseas. I believe our market-leading due diligence processes and strategy for delivering above-market returns for investors has been key in terms of successfully marketing ourselves during this funding round.”
“Tripling our valuation within three years is a good reflection of the progress we’ve made in developing the business, particularly in the past year, and also highlights our very healthy pipeline of deals. We’ve already completed a number of successful fundraises through our platform and these businesses are developing well.”
“The team would like to say a huge ‘thank you’ to all the longstanding Growthdeck shareholders that continue to support us, as well as the many new ones that have just joined us. Growthdeck is unusual in the way that shareholders are such an intrinsic part of the business, sharing in our successes as well as providing vital input into deals and strategy.”