Capital Pilot brought business investors to match up with young SME’s and start ups at The Edwardian Manchester Radisson Hotel, where they got to meet face to face and pitch their company looking for investment to grow.
Boost Fund 1 will invest in high-growth UK start-ups using a unique automated selection and completion process. It is the first automated high-volume investment fund targeting UK startups, bringing efficiency and transparency to the fundraising process for founders, and building high-quality and truly diverse passive portfolios for its investors. Now open for applications from high-growth start-ups from across the UK, Boost Fund 1 provides a final investment decision in around 2 weeks. The fund is sector agnostic, and welcomes applications from backgrounds and business models which are currently underrepresented in UK seed-stage funding.
The online application process takes 30 minutes. Applicants are assessed using Capital Pilot’s data driven Invest ability Rating System, and the fund will select companies which have achieved the fund’s target rating, subject to due diligence. The Fund plans 100 equity investments in less than 6 months, making it the leading UK start-up investment fund by volume. Boost Fund 1 is already closed for investment, but further larger-scale funds are planned, with the ambition of investing £200 million per year in UK start-ups.
Richard Blakesley, founder, and CEO of Capital Pilot said: “We all know how important it is to ensure great businesses get the funding they need to thrive, and we also know how difficult and time-consuming fundraising can be. The Boost Fund will supercharge start-up’s funding campaigns in line with our mission to ensure equal access to funding. For everyone. Everywhere.”
Peter Wall, Chair of Capital Pilot, said: “As a serial angel investor I understand not only how inefficient early-stage fundraising is for founders, but also how difficult it is for investors to build high-quality portfolios which are properly diversified. Capital Pilot and the Boost Fund bring objectivity and automation to play in a sector which will benefit significantly from a data-driven approach.”