Connectd raises $2.6 million to help grow and manage relationships in the startup ecosystem
Relationships, networking, and community are critical to building a successful startup. These critical components provide startups with access to resources such as funding, mentorship, talent, and industry knowledge that can help them succeed. By connecting with other entrepreneurs, investors, and industry professionals, startups can tap into a wealth of knowledge and experience that can help them navigate the challenges of building a business.
In addition, startups have the opportunity to receive feedback and validation on their ideas and products. This feedback can be invaluable in helping startups refine their offerings and better understand the needs of their target market. It’s against this backdrop that London-based Connectd is on a mission to connect entrepreneurs and startups with investors and NEDs to secure growth opportunities via its online community network.
To further help grow and manage relationships in the startup ecosystem, Connectd announced today it has secured $2.6 million backed by institutional investors LiFE Ventures, Blue Lake, Mail Venture Partners, Arch Law, and Syndicate Room, as well as new angel investors including former McKinsey & Co’s head of financial services, Alan Morgan; Twyn founder, Tim Levy; Monster Energy Drink’s President of EMEA, Guy Carling; and UKAT founder, Daniel Gerrard.
This latest seed round, which brings Connectd’s total funding to $5.6 million, will be used to further support its expansions around data, corporate enterprise, customer support, and the development of new tools and features for the community to harness connections.
Founded in 2019 by serial entrepreneur Roei Samuel, Connectd is an online platform for managing and growing relationships between startups, investors, and advisors. Connectd helps organizations and individuals find each other through a data-driven approach that cuts out middlemen in the investment cycle. For investors and NEDs this means receiving relevant and strategic opportunities, and for startups, this means being partnered with the best people that will help you to achieve your growth aspirations.
Following a series of developments in 2022, including tools for legal and portfolio management, the Connectd platform has continued to attract founders, investors, and advisors at scale. In the last two consecutive years, this has led to four times year-on-year growth.
“Connectd has become a leading platform for the startup ecosystem to build meaningful connections, bringing together founders, investors, and advisors. We’ve continued to curate a carefully vetted, high-quality community who benefit from our tools and range of exclusive features which all help to scale startups,” Connectd CEO Samuel said in a statement.
Samuel added: “In the current economic environment, Connectd is incredibly well positioned to help founders to provide transparency and bridge the gap between their business and their investors, with tools that help manage relationships and monitor and report performance. Creating a commitment to provide regular, high quality and transparent updates to investors is one of the biggest indicators of startup success, and Connectd is uniquely providing the methodology and tools to compute the most important data points that help founders relay information and metrics in a meaningful and frictionless way.”
Commenting on the funding LiFE Ventures said: “Connectd has quickly become an invaluable resource for the growing startup ecosystem and is perfectly poised to scale its operations. It has already proven a strong ability to develop and successfully roll out market-leading online tools, which is helping Connectd to attract, serve and grow a loyal community. The future for Connectd looks incredibly bright and we’re delighted to be a part of the journey.”