Eight week programme will prepare businesses to secure first round of institutional investment
PwC has launched its first Series A programme for scale-up businesses in collaboration with The Accelerator Network and White Horse Capital. The programme will support nine revenue generating B2B businesses looking to secure and negotiate their first round of institutional funding through a series of expert-led masterclasses prior to a key investor pitch event with 80+ venture capital firms and family offices.
The programme is part of PwC’s new Raise proposition to help small and medium-sized enterprises (SMEs) become investor ready. The new Series A service is geared towards companies with, or heading towards, a £1 million-plus annualised turnover and hoping to secure £1m-£10m in funding.
Over the eight week programme, the scale-ups will take part in an investor readiness curriculum where they will attend over 40 hours of workshops and receive coaching in areas such as financial modelling, strategy, valuation and legals, helping each business be ready to scale. By the end of the programme, the cohort will have an investor ready set of documents and be prepared to effectively raise finance.
Glen Waters, director at PwC, said:
"Two of the biggest barriers to SMEs raising funds are finding the time and having the right contacts. Our programme aims to consolidate the typically lengthy process into just eight weeks, working with scale-ups from the beginning of their fundraising journey through to them being ready to secure an investment.”
The programme takes nine B2B scale-ups and will support them in preparing for their Series A investment.
The Raise | Series A programme cohort
Beemray - Enabling enterprise brands & publishers with targetable audiences based on customer locations and context, in real-time; delivering better engagement, and revenue growth.
Essentia Analytics - A software platform that uses behavioural analytics to identify skills and biases, helping professional investors to refine their investment decision making processes, enabling them to optimise performance.
Evvnt - Event Marketing Automation Software that promotes events online via a network of over 4500 event listing sites.
Flying Colours - A network of independent financial advisers using inhouse technology to reduce the cost and time to give advice, improving returns and helping advisers grow more profitable businesses.
Neotas - A digital due diligence company, conducting open source research using a unique, analyst-driven intelligence platform that includes use of the deep web, dark web and social media.
Pavegen - The technology is a flooring system that generates off-grid electricity as people step on the tiles and transmit real-time movement data analytics connecting to a range of mobile devices and building management systems.
Recruitment Smart - Artificial Intelligence tool for recruitment that automates the labour intensive sourcing and screening process for large professional organisations by predicting the next best hire.
Scoop Retail - The “hyper retail" platform that's revolutionising in-store customer experiences & increasing sales by combining the control and efficiencies of online retail with the benefits of real-world interactions.
Swoop Applications - A suite of cloud-based tools enabling central marketing teams of multi-site retailers to create, approve, procure and manage POS material, as well as helping store managers to manage their POS real-estate, processes and compliance.
At the end of the eight weeks (on Wednesday 16th May 2018) an investor event hosted by PwC at its Embankment Place office will take place. Here the cohort will pitch to an audience of investors, including VCs, family offices and high net worth individuals.
Scale-ups looking to apply to the next Raise | Series A programme can apply here. For more information please contact Jonathan Hollis (firstname.lastname@example.org), Sarina Patel (email@example.com) or Glen Waters (firstname.lastname@example.org).
Notes for editors.
For more information about Raise Investment, please visit: www.pwc.co.uk/raiseinvestment
“Series A” funding generally comes from a small number of angel investors or Venture Capital investors who typically invest around £1-10 million in exchange for equity. The fund is named after the type of equity investors hope to eventually receive. As the name implies, Series A Preferred shareholders hope to be the first group of investors to receive preferred shares.
The Raise programme is the latest in a series of offerings from PwC that are designed to support startups and scale-ups. You can find out more about PwC’s other solutions for small and growing businesses here: https://www.pwc.co.uk/demandmore.
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