Following the recent launch of £5 million Boost Fund 1, Capital Pilot has announced the first five startup businesses backed by the fund on the basis of an Investability Rating.
Boost Fund 1 is the UK’s first automated high-volume investment fund targeting UK-based startups. Its approach brings efficiency and transparency to the fundraising process for founders, and also helps investors build truly diverse portfolios of entrepreneurial businesses.
With plans to complete 100 equity investments in less than six months, Boost Fund 1 will be the leading UK startup investment fund by volume and is set to back a diverse range of ambitious UK-based startup businesses through its innovative, alternative investment approach.
Using Capital Pilot’s pioneering data driven Investability Rating System, the sector agnostic fund has developed an automated selection and online completion process. The Fund automatically selects companies which have achieved its target Investability Rating, subject to confirmatory due diligence. It aims to provide a final investment decision in approximately two weeks from application.
The fund was launched to provide access to capital for businesses which have traditionally been underrepresented within the UK startup scene. True to its investment vision, the fund’s first five investments feature two female founders, one founder from a BAME background, and two businesses based outside London.
