London-based FinTech firm, FundMyPitch (FMP), a prominent platform that forges connections between investors and investment-ready businesses in need of capital for venture initiation, has made remarkable strides in its maiden trading year by raising close to £6m for entrepreneurs on its platform.
In this recent round, FMP amassed a total of £5.7m. The fundraising witnessed the participation of several key financial institutions, venture capital firms, and startup incubators, attesting to FMP’s expanding prominence within the investment landscape.
FMP distinguishes itself by its pioneering video pitch model, facilitating entrepreneurs to craft impactful content that entices investors. In addition, the platform puts a special focus on early-stage business opportunities and refrains from charging any upfront fees, thereby indicating its inherent commitment to ensuring the successful finalisation of deals.
With the newly acquired funds, FMP is poised to further enhance its offerings. The platform leverages advanced AI algorithms and provides an intuitive user interface to construct a vibrant investor network. These improvements are expected to revolutionise the way startups and SMEs interact with investors.
Additional details reveal an impressive growth trajectory for FMP, which, since its founding by Steven Mooney in 2022, has registered a total of 3,460 users. Among these, 941 are businesses looking for investments while the remaining 2,519 are listed as investors. This rapid user base expansion is a testament to FMP’s successful business model and its impact on the startup ecosystem.
In discussing the new developments, FundMyPitch CEO Steven Mooney said: “Entrepreneurs are the lifeblood of the economy, creating jobs, growth, and spreading opportunity. Yet far too many ambitious startups and SMEs cannot get access to the funding they need to expand and hire due to outdated fundraising systems. Our mission is to give startups and SMEs a dynamic platform to showcase their offering and connect with investors, turbocharging their businesses and reaching their full potential.”
Previously, in its first year of operation, the platform successfully helped raise a considerable £5.7m for entrepreneurs and SMEs looking for venture funding, thereby proving its commitment to fostering the growth of small businesses.
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