Venture capital, start-ups, equity and PR
I’ve been working with the awesome folks at Finance Wales for nearly three months now. In that time I’ve penned the odd press release – here’s a few I’m proud of and I think may be of interest to my blog fans:
Dean has also been able to bring some of those sports stars on board as co-investors. The world’s number one batsman, England cricketer Joe Root, also has a stake in the firm.
“I’ve used these garments professionally and I already have a good working relationship with Dean, so it was an obvious investment for me to make,” added Joe.
“The support of the Finance Wales team has also been a major boost to the business and we’re really excited to be able to share our business and product with other athletes because of it.”
Since its launch in April 2014, the Wales Technology Seed Fund has invested £3 million, leveraging an additional £3 million in co-investment –a pound-for-pound funding ratio.
The £7.5million fund makes investments in early stage science and technology companies from £50,000 through to £250,000. Companies looking for investment from this fund must have a technology-focused business plan and be located in, or willing to relocate to, Wales.
So far the Wales Technology Seed Fund has invested in 21 ambitious companies. Most investments are equity based.
Founded by Imperial College London graduates Rich Woolley (28) and Alan Small (29), along with their friend and current SOAS London student Ziad Al-Ziadi (20), the app allows users to buy, sell, swap and give away second-hand goods with nearby Paperclip users.
“The idea behind the Paperclip app is really simple,” explained co-founder and Paperclip CEO Rich Woolley. “Everyone has stuff in their houses, taking up room, which they no longer want or need – but could be worth money. Through our app users can offer up items to other app users in the area. They could set a price, ask for a swap, or offer it for free – users can also ask others to make them an offer – that bike that’s been taking up room in your garage could get you £100 through the Paperclip marketplace.”
The team first pitched their idea for the app at the 2014 London Start-up Weekend, later appearing on Dave’s crowdfunding TV show, Moneypit where they secured initial investment. The app went live for Apple and Android devices in October last year and now has thousands of active users across the UK. Originally from Penarth, Woolley and the Paperclip Board approached Finance Wales Technology Seed Fund team for additional funding.
“Thanks to Finance Wales and Emre Fadillioglu we’re in a position to really expand our offering. We’re working on some exciting new developments for the app which we’re excited to launch later this year,” added Woolley.