Connectd, a platform to manage the relationships between startups and investors, has raised $2.6m (£2.2m) in a funding round shared exclusively with UKTN.
Connectd supplies startup founders with data reporting tools to present their business metrics to potential investors. Founders can also get a better understanding of investors to determine what option suits them best.
Meanwhile, investor clients are given access to potential startup investment opportunities. The company said its data-driven approach allows investors to more accurately target appropriate investments.
“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,” said Connectd founder and CEO Roei Samuel.
“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.”
With the addition of the seed investment, Connectd’s funding has grown to £4.7m. The latest round featured support from LiFE Ventures, Blue Lake, Mail Venture Partners, Arch Law, and Syndicate Room, along with a host of angels.
“Connectd has quickly become an invaluable resource for the growing startup ecosystem and is perfectly poised to scale its operations,” said a spokesperson for LiFE Ventures.
“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.”
Connectd previously raised $1m in an investment round back in August 2021.
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