Angel Investment Network’s Weekly Funding Roundup

Here’s a roundup of some of the recent seed-stage and angel deals from around the world:

  • Stamplay, a startup that is developing a platform to allow ad agencies and designers to quickly build web applications, raises seed funding
  • Huggity, developer of a new Post Event Marketing Tool that allows brands to extend their exposure, has secured a €600,000 investment
  • Imonomy, whose software allows you to automatically add images related to your content, has closed $400,000 angel funding
  • Neurotrack, whose technology can diagnose the onset of Alzheimer’s Disease 3-4 years before symptoms occur, gets $90,000 angel funding
  • Erply, a startup that makes iPad-oriented & cloud-based point of sale & inventory management software for retailers, gets $2.15M funding
  • Erply, a startup that makes iPad-oriented & cloud-based point of sale & inventory management software for retailers, gets $2.15M funding
  • Fandium, a mobile app for sports fans that aggregates hashtag & geo-specific content from social media channels, raises $1.25M seed funding
  • Delicious Bakery, an Ireland-based company that specialises in gluten, dairy, yeast and wheat free products, has €175,000 angel funding
  • Adly, a startup that connects advertisers with celebrities willing to post promoted messages on social networks, has raised $2 million funding
  • SimpleRelevance, a platform to help businesses create and send highly-targeted marketing emails, has raised $1 million seed funding
  • Nivaata, a technology solution provider in the area of secure, automated mobile communications, raises funds from Blume Ventures & angels
  • Unicommerce, a SaaS based order management and fulfillment platform provider, has received funding from Nexus Venture Partners
  • Socialblood, a social network that brings together blood donors and recipients, raises funding from prolific angel investors
  • Windmill Health Technologies, a Delhi based technology startup that focuses on making healthcare cheaper, attracts seed funding
  • Spanish startup Ticketea, the leading DIY ticketing platform in Spain, has raised $4 million Series B funding
  • Kick Sport Ltd, one of the UK’s leading online martial arts retailers, has received a £250k cash injection
  • Vigour.io, a development platform to build connected applications that run on any device, has raised 500,000 euros seed funding
  • Viss, an app that offers a great way to inspire, discover and shop different looks every day, receives angel funding
  • Undo Software, which produces commercial software development solutions for Linux, has attracted funding from Cambridge Angels
  • LoyalBlocks, a provider of loyalty marketing solutions for small businesses, has received $9 million Series A funding
  • Urturn, a social startup focused heavily on the music and entertainment industry, has received $13.4M funding led by Balderton Capital
  • Learnhive, a platform to organize and share learning materials for K-12 education, has $400K from angel investors

To get regular updates, come follow us on Twitter: https://twitter.com/angel__network or register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Have you managed to raise capital for your company?  We always love to hear from entrepreneurs who manage to get funded.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

Infographic – Statistics on Capital for Entrepreneurs – VC and Angel Funding in the US by Race, Age and Gender

A study conducted by CB insights has revealed a lot of details about VC backed companies across the country. The focus of the study was on the three largest players in tech startup; New York, California and Massachusetts.

Key Stats

40% of funded companies have two founding members, and they raise 19% more money on average than companies with one or three founders. A common scenario is one founder focuses on the technical and product side of the business, while the other handles more of the business and marketing. A two founder company has the advantage of a greater depth of knowledge, while still keeping decision making simple compared to larger teams.

Founding teams based in California, raise more money than the other two states. On average 67% more than teams in Massachusetts and 59% more than Nee York based teams.

On average, all Asian teams raise:
• 74% more than all white teams
• 82% more than mixed teams
• 207% more than all black teams

Founders According to Race and Gender

Most founders are white males, but on average Asians receive more funding. Massachusetts has a higher percentage of women founders, compared to New York and California.

Median Funding Received by Race:
• Asian Pacific – $4 million
• All White – $2.3 million
• Mixed – $2.2 million
• All Black – $1.3 million

Median Funding Received By Gender:
• All Male – $2.2 million
• All Female $2.2 million
• Mixed $4 million

Age and experience factors

Older age does not automatically translate into more funding. What is rewarded is more experienced founders.

Median funding Received by Age Range:
• 35-44 ($2 million)
• 26-34 ($2.5 million)
• 45-54 ($2.4 million)
• 18-25 ($1.4 million)

Former Titles and Roles

An interesting statistic is the breakdown of the previous job title and job role of founding members.

Former Title Breakdown:
• Other role – 46 %
• Sales & marketing – 13 %
• Product development & management – 12 %
• Engineering – 11 %
• Business Development – 8 %
• Software – 6 %
• Strategy – 4 %

Former Role Breakdown:
• CEO/Founder – 39 %
• Other title – 28 %
• Director – 10 %
• Vice President – 9 %
• Senior Vice President – 5 %
• Manager – 5 %
• Consultant – 4 %

Angel Investment Network’s Weekly Twitter Roundup

Angel Investment News:  

Business Plans & Pitching:

Fund Raising:

Marketing & Social Media:

Start-Up & Entrepreneurship:

To stay updated, come follow us on Twitter: https://twitter.com/angel__network or register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Read anything interesting? Feel free to add links to any articles or resources you’d like to share with the angel community.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

Angel Investment Network’s Weekly Funding Roundup

Here’s a roundup of some of the recent seed-stage and angel deals from around the world:

  • Funding Profiles, an enterprise finance software provider, has received seed funding from an undisclosed Facebook executive
  • Luvocracy, a social marketplace where people can buy products recommended by friends and other tastemakers, raises $11.5M venture capital
  • Ringadoc raises an additional $700,000 seed funding to help doctors streamline communication with patients (total round = $1.9M)
  • EdgeSpring, an enterprise business intelligence and analytics startup, announces $11 million Series A funding
  • AutoRef, s startup that makes it easy to find and buy used cars, has raised $850,000 in seed funding
  • MessageMe, a messaging app that lets you send more than just text messages over your mobile phone, raises $10M Series A funding
  • Rainmaker, a learning, content and test management company focused on India’s legal ecosystem, has raised $3M seed funding
  • Argus Labs, the Belgian company behind soon-to-launch mobile virtual assistant Jini, has closed €500,000 angel funding
  • BitInstant, an online platform for buying and selling Bitcoins, has raised $1.5M seed funding led by Winklevoss Capital
  • OpenGeo, a company working to build the best open source web-based geospatial technology, lands $3M Series A funding from Vanedge Capital
  • TheMadVideo.com, a San Francisco, CA-based provider of an interactive video platform, raises $500k seed funding
  • Wishpoint Tech Pvt Ltd that runs a price comparison portal in India called ShoppingWish.in has raised angel funding
  • Sensopia has raised $1.2M Series A funding for MagicPlan, an app that can automatically measure, draw and publish a floor plan
  • Newsle, a cool tool that shows you when your friends show up in news stories around the net, has raised $1.65M Series A venture capital
  • HasOffers, a company offering tools to help companies track the performance of their online ads, scores $9.4M Series A funding
  • Weemo, who is transforming the global communications industry with its cloud based videoconferencing, has raised a $3M investment
  • Postmaster, a startup that aims to simplify shipping and parcel tracking through an easy to use REST API, has raised $600,000 seed funding
  • Orchestrate, which provides a single API through which customers can send data from multiple databases, has closed $3M seed funding
  • Slyce, a visual recognition purchasing platform, raises $3.75M in an oversubscribed seed funding round
  • Brightpearl, the cloud software provider for multichannel retailers, has raised $8 million Series B funding
  • Uncovet, a startup that wants to be the recommendation engine for indie designer clothing and accessories, has raised $1.3M funding
  • Swipely, the simple way for local merchants to accept payments, understand customers and grow revenue, attracts $12M Series B financing
  • Cloudscaling, the leading provider of on-premise elastic cloud infrastructure solutions, closes $10 million Series B Funding
  • Runscope, a developer of tools for developers building API-driven mobile and web applications, lands $1.1M seed funding
  • PopExpert, a learning marketplace that lets students connect with experts in one-on-one video chats, has raised $2 million seed funding
  • CultureAlley, loud-based online language learning platform, has raised a seed round from Mumbai-based early-stage VC fund Kae Capital
  • UpOut, a service which helps people discover fun events and activities happening near and now, has raised $850,000 angel funding

To get regular updates, come follow us on Twitter: https://twitter.com/angel__network register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Have you managed to raise capital for your company?  We always love to hear from entrepreneurs who manage to get funded.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

 

Angel Investment Network’s Weekly Twitter Roundup

Angel Investment News:

Business Plans & Pitching:

Fund Raising:

Marketing & Social Media:

Start-Up & Entrepreneurship:

To stay updated, come follow us on Twitter: https://twitter.com/angel__network or register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Read anything interesting? Feel free to add links to any articles or resources you’d like to share with the angel community.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

Angel Investment Network’s Weekly Funding Roundup

Here’s a roundup of some of the recent seed-stage and angel deals from around the world:

  • Movable Ink, whose technology lets clients create more relevant email marketing campaigns, raises $11M Series B funding
  • Coinbase, a platform to buy, use and accept the digital currency Bitcoin, lands a $5 million Series A investment
  • Beyond Verbal, a startup that has developed develop voice recognition software that decodes emotions, gets $2.8M seed funding
  • Chromatik, a digital learning platform redefining how people practice, perform and learn music, secures $5.7M Series A funding
  • Top5Best4You, a consumer advice meets price comparison start-up, secures seed funding
  • LiquidSpace, the web and mobile platform that helps everyone find on-demand office and meeting space, has raised $1.3M Series B funding
  • Quote Roller, a web based software that helps to create, send, organize and track business proposals, has secured $655k seed funding
  • Merchantry, an online marketplace technology provider, has received $7 million in Series B growth capital
  • GiveCorps, developer of a philanthropy fundraising platform, has closed an $822k angel funding round
  • GenY Medium, a social media marketing services company in Hyderabad, has received angel investment from Srinath Devireddy
  • Yoga Smoga, a web experience and online store for yoga-inspired athletic apparel and accessories, has received Rs 5 crore angel funding
  • Yekra, a digital entertainment distributor whose system matches content to viewers by genre, has raised $3M Series A funding
  • uParts, a web platform where auto parts are effectively identified, located and ordered, secures $2 million Series A financing
  • Everwise, a platform that uses predictive analytics to make the best match between mentee and mentor, raised ~$1 million seed funding
  • Zoobean, a site that makes it easy to find children’s books that are recommended and curated by parents, raises $500,000 seed funding
  • RingDNA, which offers intelligent telephony for companies to improve sales, marketing & support performance, raises $1.9M seed funding
  • To-do list app Any.DO has secured $3.5M seed funding led by Genesis Partners
  • Greentoe, an online marketplace which lets people name their own price for electronics & other items, has raised angel funding
  • Foodem, an online marketplace targeting the wholesale food industry, has closed $600,000 seed funding
  • EyeVerify, the first ‘eyeprint’ solution for mobile users to verify their digital identity, has closed $2.3M Series A funding
  • Hukkster, which tracks your favorite products online and lets you know when they go on sale, attracts $2 million seed funding
  • TransferWise, a peer-to-peer currency exchange, has closed $6M Series A funding round led by Peter Thiel’s Valar Ventures
  • AbilTo, which delivers behavioral health programs to help adults overcome mild and moderate depression, completes $3M Series A funding
  • PriceBaba, a Mumbai, India-based startup that is developing a shopping intelligence engine, has raised seed funding
  • Drone startup Airware has raised $10.7M Series A financing led by Andreessen Horowitz with participation from Google Google Ventures
  • Berlin-based product comparison platform company VERSUS IO has secured $2.8M Series A funding
  • Tech Cocktail, a site that covers startup news and also organizes community events, has raised $2.5 million funding
  • Skift, which reports and curates travel news and market data from the travel industry, has raised $1.1M seed funding

To get regular updates, come follow us on Twitter: https://twitter.com/angel__network or register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Have you managed to raise capital for your company?  We always love to hear from entrepreneurs who manage to get funded.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

Infographic – How Are Small Businesses Using Social Media?

Which social media sites are small to medium-sized enterprises (SMEs) using for business?

Facebook (as usual) leads the way, with 19 percent of SMEs favouring this platform, ahead of LinkedIn (14 percent), blogs (13 percent) and Twitter, with the latter being used by just 4 percent of these firms.

While 81 percent of small businesses see the value of using social media as a business tool, just 25 percent spend 6-10 hours per week on social media, and 14 percent don’t separate personal and professional updates on these channels.

This data comes courtesy of an infographic via Sage UK, who collated results from several sources to produce this visual as part of their small business guide to social media.

Angel Investment Network’s Weekly Twitter Roundup

Angel Investment News:  

  • 83% of technology start-ups in the UK anticipate positive business conditions in 2013: https://ow.ly/kFQ31 
  • UK tech firms reliant on support from angel investors: https://ow.ly/kOYhG 
  • Who Is Tech’s Most Inspiring New Founder? SV Angel’s Ron Conway, David Lee, And Brian Pokorny Name Names: https://ow.ly/kOXIj 
  • New South African venture capital fund to give little guy a lift: https://ow.ly/kR7P0 
  • The Top Ten In Venture Capital Today – Midas List: https://ow.ly/kRlaM 
  • Venture capital fundraising falls in China in Q1 2013: https://ow.ly/kRl1o 
  • 10 Indian-Americans made it onto Forbes’ Midas Touch list of the best dealmakers in venture capital: https://ow.ly/kTxag
  • India’s start-ups lacking guardian ‘angels’: https://ow.ly/kRfVq .

Business Plans & Pitching:

Fund Raising:

Marketing & Social Media:

Start-Up & Entrepreneurship:

To stay updated, come follow us on Twitter: https://twitter.com/angel__network or register for our blog at https://www.angelinvestmentnetwork.netwp-login.php?action=register.

Read anything interesting? Feel free to add links to any articles or resources you’d like to share with the angel community.

Or are you looking to raise funding?  Send me a summary of your project at mike@angelinvestmentnetwork.co.uk and we’ll try to help.

 

20 Tips To Bootstrap Your Start-Up (And Hopefully Make Your Business More Investable)

Here are 20 tips to bootstrap your start-up and drive your business forward without spending a lot of money:

  1. Do customer surveys to find out about their level of interest in your product/service, how they would use it, what features they might like to see and how much they would consider paying for it.
  2. Raise money from family and friends.  Family and friends can be a great source for bootstrap financing. They have a vested interest in your personal success, and are more likely to take a chance on you than a bank or angel investor.
  3. Approach industry experts to get feedback and endorsements. Do they like your product?  Would they use it?  Is it better than the existing competitors?
  4. Build yourself a website.  There are loads of free and easy-to-use website builders like https://www.wix.com/ or https://www.moonfruit.com/.
  5. Offer people sweat equity in return for helping get the business off the ground.
  6. Set up a “coming soon” landing page and start collecting email addresses from people who’d be interested in joining your site when it launches. https://launchsoon.com/ offer a quick and easy way to set this up.
  7. Pull in favours from friends or colleagues who may be able to help.  Do you know a graphic designer who could do a mockup of your website?  Do you know someone who has a contact at the retailer you’re desperately trying to get into?  Using your contacts could be key in driving the business forward.
  8. Start building the right team as this is one of the main factors that investors will take into consideration when deciding whether to back you. Even if you can’t start paying them yet, you can have them on standby to join when you manage to raise some proper funding.
  9. Record a demo video of your product or service. This is a really effective way to showcase your business to customers and investors. You could either record one yourself or use a service like https://www.dunktank.co/ or https://explainify.com/.
  10. Hire interns and students. This is is a win/win for everyone. You get support at little to no cost. The intern/student gains valuable experience working at a startup where they’ll have more influence than they would at a larger company.
  11. Contact retailers to try to get some letters of intent or even pre-orders. This is a great way to prove there is interest in your product.
  12. Do some research to find out what sort of branding you’re going to use. This might just involve finding some other companies or websites you like the look of, so investors get an idea of what image you’re going for. Or you could use a site like Crowdspring (https://www.crowdspring.com/) to get a logo designed.
  13. Set up accounts and groups on Twitter, Facebook, Linkedin, Pinterest or any other social media sites you think your target audience use.  This is a great way to start engaging with potential customers and industry influencers.
  14. Begin building partnerships that will allow you to grow your business faster through joint ventures, cross-promotion, referrals, content marketing, etc.
  15. Go to networking events to meet as many people as possible that are involved in your industry. This is a great way to meet potential clients, retailers, distributors, marketers, etc.
  16. Outsource jobs and use freelancers to get work done without having to take on employees.
  17. Start tracking stats as soon as possible. The sooner you establish your KPI’s (key performance indicators), the sooner you will be able to calculate your growth rate and determine which factors (like a new marketing strategy or website adjustment) have a positive impact on those KPIs.
  18. Develop your marketing strategy (and maybe even test it to determine your cost per acquisition and which marketing channels are the most effective).
  19. Assemble a team of expert advisors that you can approach for critical input and advice when you need it.  It’s important to remember: You don’t have to do it alone!
  20. Don’t get an office – Google and Microsoft started in garages, so there’s no shame in it.

Clever bootstrapping is proof that you have the most important elements of company building: passion, dedication, resourcefulness, focus and vision, which will make you and your company much more attractive to angel investors and venture capitalists.  So make sure you spend wisely!

What have I forgotten?  Let me know your top bootstrapping tips and strategies.

Save