Capital Match officially launched its new service to match up the best companies in Northern Ireland with interested funders at a private dinner hosted by sponsors Squire Patton Boggs.
36 people attended this 'no pitches, no Powerpoint' event. The essence of the quality of the Capital Match dealflow is the Springboard programme which is run alongside Capital Match within Catalyst Inc (formerly the NI Science Park). John Knapton, Springboard Director outlined how each company is worked on by an average of 28 volunteers (exited entrepreneurs, executives etc) such that over 90% of them receive funding. He was backed up by a panel of a successfully funded company and an Entrepreneur in Residence who works pro-bono in Springboard.
Two companies, were present and were able to meet all of the funders in the sociable private dinner format but without having to pitch. Axial 3D convert 2 dimensional scans into 3D printed models to help surgeons while Landed have a much more effective recruitment system which operates more like a marketing campaign. Both are in revenue and ready to scale.
Capital Match Director Alan Watts said "Funds, VCs and serious investors are bombarded with deals. Capital Match is set up to take a small but battle-hardened deal flow and to efficiently match this up with only the funders where there should be a potential to invest. Funders benefit by receiving fewer (and better) deals which already match their investment criteria. While companies are saved the huge headache of trying to identify potential funders and seeking to meet them."
Robert Weekes, Managing Partner at Squire Patton Boggs said, "We have worked with Northern Ireland organisations for some years and of course with Catalyst Inc. So we know first hand the quality that lies there and we are delighted to sponsor these exclusive dinners to help create further success."