SyndicateRoom explained

SyndicateRoom
Location City:Cambridge
Location Country:United Kingdom
Ceo:Graham Schwikkard
Industry:Venture capital
Employees:17
Commercial:Yes
Type:Venture capital fund
Language:English
Founder:Gonçalo de Vasconcelos, Tom Britton
Launch Date:21 September 2013

SyndicateRoom is a UK venture capital fund, headquartered in Cambridge, founded by Gonçalo de Vasconcelos and Tom Britton in September 2013.[1] [2] The company is authorised and regulated by the Financial Conduct Authority.[3]

SyndicateRoom initially launched as an equity crowdfunding platform for high-net-worth individuals and angel investors.[4] [5]

In October 2019, the company announced that it would adopt a venture capital fund investment model, and would no longer offer individual crowdfunding investment opportunities.[6]

History

SyndicateRoom was founded by Gonçalo de Vasconcelos and Tom Britton on 21 September 2013. The pair met while studying at the Cambridge Judge Business School at the University of Cambridge.[7]

In April 2014, SyndicateRoom was named Startup of the Year by The Guardian Small Business Showcase.

In June 2014, SyndicateRoom investors committed £700,000 to Radio Physics Solutions, a startup which builds technology to detect 3D printed guns.[8]

In May 2015, SyndicateRoom raised £1.2m in seed funding on its own crowdfunding platform.[9]

In March 2016, SyndicateRoom was the first crowdfunding platform to offer public market investment opportunities after being accepted as a member company of the London Stock Exchange,[10] although it has since closed down the public markets area of its platform.[11] [12]

In May 2016, SyndicateRoom raised £3.1m funding in series A round led by Abcam founder Jonathan Milner.

In June 2016, SyndicateRoom launched FundTwenty8, the first passive Enterprise Investment Scheme fund.[13] [14]

In July 2019, Gonçalo de Vasconcelos stepped down as CEO and was replaced by Graham Schwikkard.[15]

In September 2019, SyndicateRoom launched Access EIS, the first data-driven Enterprise Investment Scheme fund.[16]

In October 2019, the company announced that it would adopt a new fund-first investment model, and would no longer offer individual equity crowdfunding investment opportunities.[17]

In April 2020, SyndicateRoom invested in Oxford-based laundry startup Oxwash, alongside Twitter co-founder Biz Stone.[18] [19]

In March 2022, SyndicateRoom invested in London-based startup Slip.[20]

External links

Notes and References

  1. Web site: Startup of the year 2014: SyndicateRoom. 2015-04-14. the Guardian. en. 2018-05-14.
  2. Web site: Crowdfunding: gimmick or revolution?. 2015-10-03. Spectator Life. en-GB. 2020-05-15.
  3. Web site: Financial Conduct Authority. register.fca.org.uk. en. 2018-05-14.
  4. Web site: Crowdfunding in search of the next Apple or Facebook. Asgari. Nikou. 2019-03-01. Financial Times. 2020-05-15.
  5. Web site: SyndicateRoom stands out from the crowd with its investor-led approach. 2016-05-19. Proactiveinvestors UK. en. 2020-05-15.
  6. Web site: SyndicateRoom Email Indicates Shift to 'Fund First Approach' to Investing. Alois. J. D.. 2019-10-31. Crowdfund Insider. en-US. 2020-05-15.
  7. Web site: Crowdfunding Startups Thrive in the U.K., Where Anyone Can Play Angel Investor. 2014-04-27. Bloomberg. 2020-05-15.
  8. Web site: Radio Physics Solutions Raises £700K To Detect 3D Printed Guns. TechCrunch. en-US. 2020-05-15.
  9. Web site: Syndicate Room raises £1.2m in 33 hours Business Weekly Technology News Business news Cambridge and the East of England. www.businessweekly.co.uk. 2020-05-15.
  10. Web site: SyndicateRoom raises $4.5M Series A to push for growth in equity capital markets – TechCrunch. techcrunch.com. en-US. 2018-05-14.
  11. News: Fedor. Lauren. 2016-03-14. A crowdfunding platform has joined the public markets. en. 2018-05-14.
  12. News: 'Crowdfunding is growing up': SyndicateRoom just partnered with the London Stock Exchange. Business Insider. 2018-05-14.
  13. Web site: Product Review: SyndicateRoom Fund Twenty8. Rickman. Craig. 2016-06-24. Financial Times Adviser. 2020-05-15.
  14. Web site: From car refinancing to data tools: Five new alternative finance products making life easier for the retail investor. 2016-07-28. CityAM. en-GB. 2020-05-15.
  15. Web site: Crowdfunding pioneer Goncalo de Vasconcelos steps down as SyndicateRoom CEO - AltFi News. AltFi. en. 2019-07-24.
  16. Web site: SyndicateRoom Transitions to Pre-funded Offerings with EIS Fund. Crowdfunding No More. Alois. J. D.. 2020-02-29. Crowdfund Insider. en-US. 2020-05-15.
  17. Web site: SyndicateRoom Email Indicates Shift to 'Fund First Approach' to Investing. Alois. J. D.. 2019-10-31. Crowdfund Insider. en-US. 2019-12-14.
  18. Web site: Oxwash bags $1.7M for a cleaner spin on laundry. TechCrunch. en-US. 2020-05-18.
  19. News: Cook. James. 2020-05-04. Twitter co-founder invests in laundry start-up's £1.4m funding round. en-GB. The Telegraph. 2020-05-18. 0307-1235.
  20. Web site: Allen . Patricia . 2022-03-25 . London-based startup Slip raises €897k to revolutionise the retail experience . 2022-06-07 . EU-Startups . en-US.

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