Scalar North Capital are pleased to announce the closing of Connectd's £2.2m funding round.
Scalar North Capital invested alongside Blue Lake, Mail Venture Partners, Arch Law, and Syndicate Room as well as new angel investors including former McKinsey & Co’s head of financial services, Alan Morgan; Twyn founder, Tim Levy; Monster Energy Drink’s President of EMEA, Guy Carling; and UKAT founder, Daniel Gerrard.
Connectd is a UK-based provider for managing and growing relationships between startups, investors and advisors and intend to use the funds to further expand around data, corporate enterprise, customer support, and develop new tools and features for the community to enhance connections.
Led by serial entrepreneur Roei Samuel, founder and CEO, Connectd is a platform that connects entrepreneurs and startups with investors and NEDs to secure growth opportunities. The technology helps organisations and individuals find each other through a data-driven approach that cuts out middlemen in the investment cycle. The platform has continued to attract founders, investors and advisors at scale, following a series of developments in 2022, including tools for legal and portfolio management.
Josh Drukarz, managing partner of Scalar North Capital added, "Connectd has quickly become an invaluable resource for the growing startup ecosystem and is perfectly poised to scale its operations. It has already proven a strong ability to develop and successfully roll out market-leading online tools, which is helping Connectd to attract, serve and grow a loyal community. The future for Connectd looks incredibly bright and we’re delighted to be a part of the journey.”
Connectd founder and CEO Roei Samuel noted "in the current economic environment, Connectd is incredibly well positioned to help founders to provide transparency and bridge the gap between their business and their investors, with tools that help manage relationships and monitor and report performance... Creating a commitment to provide regular, high quality and transparent updates to investors is one of the biggest indicators of startup success, and Connectd is uniquely providing the methodology and tools to compute the most important data points that help founders relay information and metrics in a meaningful and frictionless way.”
More details from the press release can be found here.
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