London-based growth marketplace Connectd has raised $1.6 million in funding to expand into the European market and launch two new tools. The round saw the participation of angel investors, including Rob Wilmot, founding executive of Freeserve; Jonas Anker, CEO of Anker Capital; Gareth Hawkins; serial entrepreneur brothers Aleks and Dejan Subosic of Deep North and Steve Scruton, former head of Equity Research at HSBC.
The company had raised $1 million funding in August last year. The latest investment brings total funding to over $3 million.
Connectd is a community network that connects entrepreneurs and startups with investors to secure growth opportunities. Created by serial entrepreneur, Roei Samuel, its technology helps organisations and individuals find each other through a data-driven approach and cutting out the middlemen in the investment cycle. For investors, this means receiving relevant and strategic opportunities, and for startups this means being partnered with the best people that will help you to achieve your growth aspirations.
Operating through a subscription-based model, the company has grown on average 16% every month since its launch. Talking about the new funding, Roei Samuel, founder and CEO of Connectd said: “This investment takes us another step forward in becoming the community-driven platform that provides founders, investors, and advisors with the holistic tools they need.”
According to the company, its new legal tool is designed to benefit founders and investors by helping them establish their essential legal documentation without incurring expensive fees. The new portfolio solution will also enable angel investors to see everything in one place.
The platform has expanded its operation into Europe with a new office in Stockholm. Since its launch in February 2020, it has brought together more than 1,000 startups, and over 1,000 investors and business advisors fostering more than 20,000 connections in over ten countries.