Growthdeck to raise £2.5m from investors

By Roger Baird on 18th February 2019

Fintech

The private equity investment firm plans a portfolio of 100 fast-growing firms in five years.

Growthdeck to raise £2.5m from investors

Private equity investment firm Growthdeck said it plans to raise £2.5m as it seeks to boost its stakes in fast-growing businesses.

The London-based company said it plans to raise cash to invest for ten deals this year, and targets more than 30 deals by 2022.

It adds it is currently fundraising for five young firms including  eTicketing platform WebTicketManager, Starbucks franchisee Elite Coffee and Teacher Booker, which cuts costs for schools seeking temporary teaching staff.  

The business, launched in 2016, follows a private equity model, taking stakes of between three per cent and five per cent in firms it invests in, also claiming seat on the board of these companies.

Growthdeck, said its portfolio could grow to as many as 100 firms in five years. Investors are required to make minimum investment of £5,000.

The company, led by chief executive Ian Zant-Boer, said it has completed  fundraisings worth £15m since its launch three years ago, to buy stakes in fast-growing businesses such as pink gin manufacturer Pinkster and 1Rebel, the upscale London gym chain.

Growthdeck’s Zant-Boer said: “We have proven our model works over the last three years with £15m of high quality deals, and this fundraise will help us to scale up more quickly. We are adding 50 or more new high net worth investors every month, and more capacity to bring deals to them is now needed.”

AltFi Australasia Summit 2020

6th April 2020