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Major Tech Startup raises funding of £120,000 through Venture Giant  

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Major Start-up raises funding through Venture Giant


London.com
, a Venture started by Callum McLean former commercial Director of Visit London, has today confirmed that he has successfully found funding for his high profile website London.com by using Venture Giant to find him an tech angel investor.
Callum McleanThis is a Major project for the tourism industry in the UK as the website www.london.com will be aimed at the millions of visitors thinking to come to London.

London.com will provide a boost to the tourism sector in the UK as the service includes information on events, restaurants, transport, accommodation, and attractions in the city and it's surrounding areas. 


 

" www.london.com is a heritage internet property & will be very much representative to London and the UK. Being in a position to find investment for London.com through Venture Giant is a very big honour. This will definitely be a major UK startup "

Rishi Anand
Managing Director, Venture Giant

 


As Mclean, Founder of London.com stated in an interview: 

"I found the standard of investors on Venture Giant to be very high, and we elicited attention from alot of very well suited mentors who were interested in our proposal. " Callum added...

"Venture Giant seems to have a very nice vetting process for investors, which helped pair us with industry experts and people who have a real insight into the online world. What we ended up with was an investor that understood the technical requirements for our venture – something that allowed us to assemble resources quickly so that we would get to market within 10 weeks, before London 2012."

 

 

“This is a hugely exciting project which I believe the leisure and tourism industry in London is crying out for.”
Callum Mclean 

 

 
 

Venture Giant's primary role is get startups in front of credible, vetted angel investors in a low cost, safe environment.

London.com was an exceptional project, however, Callum required the technical expertise of an angel investment that understood the industry and the technical requirements which is why he chose Venture Giant to find him an investor.

Once the final draft was agreed and approved, Venture Giant handpicked the tech investors, private investors and angel investors from it's own vetted network of investors and sent out Callum's London.com project each one of them.

Venture Giants Network of Angel Investors can be seen here.

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It was from this promotion on Venture Giant that investors started to make contact with Callum that were interested in investing - however there was one investor that stood out from the rest and one that could fulfil all that Callum was looking for. 

Technical Difficulties

The website was launched just in time for the Summer Olympic Games, and included guides to navigating the city over the course of the seven weeks of festivities. However, this would not have been possible without the one particular investor contact that Venture Giant had found for London.com, as the tech fund not only provided the necessary capital to get London.com launched in time, but the Lucey Investment Fund also opened up a full team of specialists in Design, Architecture, Development, Sales & Marketing upon investment.

The fund is a new twist on angel and seed investment in that its investment is part cash and part development. 
Ian Lucey, CEO of Lucey Technology, and the investor that provided the technical expertise and capital to launch London.com in time for the London Olympics 2012 stated to Venture Giant that:

 

“Callum is an industry expert with years of experience so we were delighted when he uploaded his proposal to Venture Giant which made it very easy for us to find and invest in the project,” says Lucey “What he didn’t have was the technical background and that’s where Lucey came in. We were able to put the technical infrastructure in place to get the product to market and support its growth. It is an exciting project and with the Games in London this summer, the timing is just right,”.


Ian Lucey
Ceo of Lucey technology


The Bottom Line

Deal terms:
Upto £120,000 raised
The deal allows some flexibility on the amount of investment that can be used. The more used - the greater the equity offered to the investor.


Benefits of using Venture Giant:
6 months listing period
No commission on any money raised
Pay on contact business model
Unlimited investor contacts
Inclusion in Venture Giants monthly newsletter to Investors
One, transparent, listing fee that is upto ten times less our nearest competitor.

 

 

" ... there are a number of other service providers out there asking for relatively significant levels of upfront fees with absolutely no guarantee of success. It is incredibly difficult to assess which angel investor networks offer real value and which don’t. "

" When we considered Venture Giant, it became clear that the potential benefit clearly outweighed the low fee that was only due if they could us find us investor interest.
 "

 

 
Venture Giant does not take any commission on any money raised on our service nor from any joint ventures or synergistic opportunities formed by the contacts that are exchanged on our network. Adam was not charged a commission for the money that was raised – and was only charged a one off proposal listing fee of £99 after Venture Giant had sent out his investment proposal to over 400 UK and international based investors. The £99 fee also included unlimited investor contacts, and a six months listing period which is more than three times greater than our nearest competitor.

 

Venture Giant is a fast and convenient way to get investment proposals out to genuine, vetted, private individuals and angel investors that are looking to invest in UK start-ups and entrepreneurs.

 

 

 

 

 

 

Angel Investors Venture Giant is a premier UK business Angel investment network that matches private investors with entrepreneurs that are seeking investment capital and business funding. 

 

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