How to Fund a Social Enterprise
by Startacus Admin
How to Fund a Social Enterprise? These places may be able to help... Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read... Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs. Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives. Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students. SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis. 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms. Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community. Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
If you’ve got an idea for a business and doing social and environmental good is a bigger priority and focus than making money for yourself, you’re probably considering going down the Social Enterprise route. And you’re not alone - the last few years has seen a significant rise in the number of new businesses being set up with social enterprise status. Although we are all constantly hearing that the banks aren’t lending and that there is no money available for startups; on the social enterprise side of things, there are a whole host of people and places who can help get such a business off the ground with financial support. We’ve highlighted some of the main ways of funding a social enterprise right here.
The Bridges Social Entrepreneurs Fund
Since its’ launch in 2009, this fund has raised almost £12 million in investment for scalable social enterprises. Investment of up to £1.5 million is made to social enterprises based in England that have scalable and sustainable potential. Funding provided is however repayable, with a return.
Buzzbnk
Featured previously in our Crowdfunding article, Buzzbnk acts like an online marketplace helping social ventures connect directly with potential backers and supporters. The platform takes a 5% admin fee for any project that gets successfully funded. On this platform as well as making financial pledges to help a business out, backers also can pledge their own time, which is in itself pretty invaluable.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.