Two of Bristol’s most exciting technology start-ups bid for investment in front of a live audience of over 150 investors in London last week (25 November).
More than 20 of the UK’s most exciting technology start-ups bid for a collective £27m+ of investment in front of a live audience of some 200 investors, including those from MMC Ventures, Eden Ventures and Downing Ventures.
Every company also exhibited at the event and sought investment of between £250k-£6m each, with the founders available to meet investors throughout the day.
The event, Accelerating Growth, was organised by SETsquared, a business incubation programme run by a partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey. 2015 marked the 12th year of the showcase, which puts start-ups face-to-face with angel investors, venture capitalists, high net worth individuals and self-certified sophisticated investors.
The businesses from Bristol who pitched for investment were:
YellowDog – which uses the spare power from people’s computers to give animators their own personal supercomputer to make rendering faster, better and easier
Pelipod – which has developed an intelligent parcel box that allows the use of unique codes for safe, audited and notified delivery of products and parts for field-based staff and home-based workers
Nick Sturge, centre director at SETsquared’s Bristol centre, housed within the Engine Shed, said: “Once again at Accelerating Growth, we saw some fantastic, engaging pitches from the companies SETsquared supports. Investment isn’t a short process but it was promising to see so many positive conversations taking place between the start-ups and investors at the event. We can’t wait to see these developing over the coming months and report on even more success stories.”
The investor showcase event culminated with the UBI Global awards for the world’s best university business incubators, where SETsquared was ranked number one globally.
Over the last 13 years SETsquared has helped more than 1,000 businesses raise over £1bn in investment, as well as contributing over £3.8bn in GVA (Gross Value Added) to the UK economy with £15bn GVA estimated over the next 10 years.