Safe financing and skilled mentoring in your start-up
The Start-Up Series competition is back for February! Gain hands-on help and up to £ 250,000 in equity to add to your business (subject to due diligence, terms and conditions) – apply before February 14th.
Worth Capital is looking for startups again with the return of the start-up series.
The contest continues our usual monthly cycle and is open to entries from the 1st to the 14th of each month as we seek out ambitious startups that have the potential to become popular brands. Regardless of the industry or whether you are a B2B or B2C company, we will consider your application as long as your start-up is entitled to SEIS or EIS HMRC advance insurance.
Winners will receive up to £ 250,000 equity funding, at least two years of expert support from Worth Capital, and media coverage on smallbusiness.co.uk and other channels to promote your business and track your journey.
Here’s how to enter. Please note that your start-up must be entitled to SEIS or EIS HMRC advance insurance.
Hayley Etherington, Worth Capital’s Business Operations Director, said: “The start-up series has already invested over £ 4.2m in some of the UK’s most promising start-ups – making us the UK’s largest seed finance competition.”
“We hope and expect that the start-up series will continue to attract the best of British entrepreneurship to our investors. Together with the other judges, I am on the edge of my seat, waiting for the next applications. “
Past winners include entrepreneurs from all walks of life and from across the UK. Jo & Nick James from Cheltenham, founders of Bedfolk, have seen exceptional growth in their homewares e-commerce brand since winning the Start-Up series and receiving their first investment in April 2019. Read more about their story here.
Andy Roberts of Wrexham has Weekly10, a software-as-a-subscription offering that helps companies track and improve employee mood and engagement. Having received multiple investments in 2019 and early 2020, the company was well positioned to capitalize on the increase in remote working over the past 6 months.
Read more here.
The start-up series has an impressive record of diverse funding. While only 9 percent of the early-stage financing usually goes to companies with a female founder, 40 percent of the funds in the start-up series were given to companies with a female founder.
The start-up series also takes geographic trends into account. In general, only 35 percent of seed capital flows into companies outside of the London and southeastern “bubble”. For the start-up series, 60 percent of the funding is outside London. There are no published benchmarks on how much of the UK’s early-stage funding goes to companies with a BAME founder, but we suspect the start-up streak is really representative at 19 percent, larger than most (but still a long way) his).
Ms. Etherington continued: “We are looking across the length and breadth of the country for ambitious start-ups with innovative offerings in high-growth markets and with intelligent and persistent teams that can grow a company quickly.”
Sound like you Enter today!