Envestors tackles 75% start-up fail-to-scale rate with new growth marketplace to connect the early-stage ecosystem
Envestors launches start-up Marketplace where the whole early-stage ecosystem can connect, with partners including Falmouth Launchpad, FounderCatalyst and Bionow.
15th March 2023, Envestors announces the launch of its growth marketplace for start and scale-up companies. The new marketplace is focused on connecting the ecosystem by partnering with the organisations that support entrepreneurs – such as accelerators, incubators, and service providers.
The marketplace was designed by Envestors who have over 15 years’ experience in the space and understand the difficulties a fractured ecosystem creates for entrepreneurs, investors, advisors and the organisations that support them.
Whilst there are hundreds of organisations in the UK that support entrepreneurs – from public bodies to accelerators, to corporate finance firms, to universities to angel investment clubs, the disconnected nature of the landscape means that founders face an uphill battle accessing support and investment. This problem is particularly strongly felt outside of London and among minority founders who find getting access to support and investment a gargantuan task.
The result of this is wasted time, energy, money and undoubtedly missed opportunity.
Moreover, the experience is no better for advisors and investors – who are crucial to the success of early-stage businesses. The fragmented state of the market means that most see only a very small fraction of the high-potential businesses out there.
This disconnection is a key contributor to the well-known statistic that 75% of venture-backed start-ups fail to scale.
The new Envestors marketplace solves this problem by providing a single place where the ecosystem can come together. Support organisations, like accelerators or university incubators, benefit from a microsite where they can promote their offer and their portfolio – importantly enabling the discoverability of every start-up and scale-up by investors, advisors and mentors.
In addition to discoverability, the marketplace is underpinned by a number of SaaS tools which minimise manual work for support organisations. A streamlined process to create listings that attract either support or investment, reduces the need for resource requirements and means that busy teams spend less time on manual work and more time helping their portfolio flourish.
Envestors Chief Revenue Officer, Chantelle Arneaud said, ‘We’re all excited to be taking this big step towards Envestors’ overarching mission, which is to provide the quicker, easier and safer place for the whole early-stage ecosystem to connect. This launch is only the beginning, and I’m looking forward to scaling it.’
The need for the marketplace is apparent, as Envestors launches with partners including Antler, BioNow, FounderCatalyst, and Falmouth University, amongst others. Key for partners is the ability to support companies in a FCA-compliant marketplace where they can get exposure to the right contacts to drive their growth.
While there are alternative solutions on the market, Arneaud is bullish, ‘There are platforms out there for individual groups to connect their clubs, and whilst they have value, they do not solve the fragmentation problem in the industry.
By working with partners, we will create a connected ecosystem, one where early-stage companies can access all the support that’s available and where investors and advisors are able to discover all the innovative growth companies. When we connect everyone together, we can start talking about success rates instead of failure rates.’
ENDS
If you want to get involved, visit the new Envestors Marketplace to explore our deal flow, sign up as a company, or just look around.
Do you want to help your portfolio get discovered? We are onboarding new partners all the time, so please get in touch with Mike at michael.north@envestors.co.uk or Chantelle at chantelle.arneaud@envestors.co.uk to start a discussion today.
