Envestors raises £2m from SidebySide to expand its start-up investment platform.
The seed round was led by the SidebySide EIS Fund to scale the company network and enhance its digital platform.
Envestors operates a digital marketplace and white-label investment platform designed to connect start-ups with early stage investors. The firm aims to streamline the fundraising process across fragmented regional and sector networks.
Envestors has secured £2m in seed funding from the SidebySide EIS Fund to expand its digital marketplace for early stage investments. The capital will be deployed to scale the network of partner organisations using the white-label Envestry platform, enhance core technology features including smart matching, and develop investment readiness services for start-ups.
The raise brings fresh backing from SidebySide, which joins the company as a strategic investment partner. Envestors intends to use the proceeds to unify a fragmented ecosystem by linking incubators, accelerators, and angel networks onto a single collaborative platform.
From the founder
"There is no one place to go to find investment or to find investment opportunities – and there needs to be. With a single, central place, we can help start-ups thrive and investors get access to the best deals."
Oliver Woolley
CEO at Envestors
Investor perspective
"SidebySide’s ethos, as our name implies, is to invest in companies and provide strategic input to help them grow. This is a new fund and Envestors is one of our first investments. We’ve known Envestors for a number of years and are equally as passionate about creating a single marketplace for early stage companies and investors. It’s precisely what the industry needs. Envestors has already proven itself on a small scale. I look forward to seeing them do much more on a much bigger scale"
John Bailye
Managing Director, SidebySide EIS Fund
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
