PwC has become a sponsor of Seedcamp, the London-based investment fund that supports and accelerates start-ups from the pre-seed and seed capital stage.
PwC will also offer a new cloud-based accounting service for SMEs, My Financepartner, to this September’s Seedcamp intake.
Tony Price, PwC partner with responsibility for My Financepartner, says: “If early-stage companies are intending to grow fast, they need to get on top of issues such as cash burn rates, R&D tax credit support and statutory reporting. Later they’ll need support to secure further funding rounds and to plan for headcount growth.
“My Financepartner helps smaller companies manage their financial affairs from the beginning, and represents PwC’s increasing commitment to fast growth, IP-rich firms, especially those in the technology sector.”
Reshma Sohoni, partner and co-founder of Seedcamp, says: "Good financial management and reporting is essential to later funding rounds, even for the most promising of companies. We are proud to announce our Autumn cohort of Seedcamp companies, and excited to see the launch of My Financepartner which really has the start-up stage in mind. It's a great step by PwC to create a targeted offering and we're pleased to welcome them as partners."
