Working in collaboration with UKBAA, Seedrs, SyndicateRoom and Crowdcube, SME ‘investment event specialist’ Crowdfinders has announced the launch of Race to Scale – a £100m funding drive aimed at UK startups looking to scale.
The Race to Scale programme will allocate the £100m funding pot during 2016, in sums ranging from £100k – £5m, to promising scaling businesses.
“The scale-up phase is notoriously difficult to get right, but with greater access to funds and targeted mentorship, we could witness more business success stories – something I’m keen to see happen across the UK”, says Luke Davis, chairman and co-founder of Crowdfinders.
Crowdfinders will host a series of pitching sessions throughout the year, where applicants can showcase their business to a panel of angel investors. The first of these is due to take place later this month, at the Royal Institution in Mayfair, London.