Anyone who has been through it will tell you that raising your first growth capital from a Fund is a demanding, lengthy, and sometimes discouraging process. Not only will you be forced to ruthlessly assess your business potential, processes, goals and finances, but you have to convince Funds, who see many other pitches also claiming they have a unique appeal in any given week, to put their trust in you.
The obvious questions follow: should you still want to go through this process? And where do you even begin?
Matthew Elson, CEO of SHE Software and a ScaleUp Group client shared his thoughts and experience of his ‘Series A’ fundraising round at a recent webinar, having raised £3 million in growth capital, with our support.
Watch the video below to find out:
– What led Matthew to consider outside funding?
– How did he determine the amount he needed?
– How much dilution was he willing to tolerate?
– The process of his fundraising journey
– Was the cash used as originally planned?
– Why has he raised 2 more times since their Series A round – did he underestimate
the funds needed?
Fundraising is a demanding and lengthy process, which most entrepreneurs do rarely, yet many try to do it without any expert help, resulting in the abysmal success rates of 15% at most. This is why our clients chose to work with us to guide them through the journey, to do more than obtain funding – but at an acceptable valuation and on the right terms from a Fund which can contribute more than cash.
About us
ScaleUp Group has been formed by entrepreneurs who themselves have successfully navigated through founding, growing, and selling businesses of their own.
Our 28 members have invested in over 100 high growth tech businesses – including over £1 million personal investment into client businesses – generating over £4 billion in scaleup enterprise value.
With our combined unique experience, guidance, and executive network we can support your fundraising journey to minimise the disruption to your business and get better results quicker.
Get in touch for more information!