Pre-launch of Capital Pilot's Rescue Equity Fund for UK startups and scaleups
by Startacus Admin
Registration now open for equity funding scheme for UK startups...
Capital Pilot has just announced the pre-launch of the Rescue Equity Fund, an initiative aimed at helping thousands of UK startups to survive through the COVID-19 crisis.
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Although the fund is still in fundraising mode, early stage growth businesses are being invited to register their interest to ensure priority access to the application process once the fund goes live.Companies will be selected in a rapid and entirely online process, based on Capital Pilot’s proprietary Investability Rating system. Successful applicants will receive £50,000 of equity investment, with a plan to support hundreds or even thousands of companies.
Richard Blakesley, CEO and founder of Capital Pilot said:
“Although the Government has launched a series of schemes to provide financial support to SMEs, thousands of value-creating UK startups and scaleups still fall out of scope and will be at risk of failure because of the COVID-19 crisis,”
“With the pre-launch of the Rescue Equity Fund, we are inviting startups and scaleups to register their interest and join the crowd of companies lining up to apply for Rescue Equity Funding”.
The Rescue Equity Fund is in partnership with Seedlegals whose SeedFAST platform enables rapid documentation and completion of investment rounds. Capital Pilot’s ambition is for a 1-week application to funding timeline.
We look forward to seeing how quickly the capital is raised and the terms of the fund, and fingers crossed to all those currently in-need UK startups.
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Published on: 6th May 2020
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