LONDON, March 12, 2014 /PRNewswire/ --
A Health care professional based in Bournemouth confirmed today that he had raised £200,000 of funding from an established high net worth individual that he found through Venture Giant - an established online service that connects small businesses and entrepreneurs with vetted business investors and high net worth individuals looking to invest in UK businesses.
Remarkably, the Health care professional based in Bournemouth was only seeking to raise an investment of £20,000 but the angel investor looked at his Funding requirements and stated that approximately ten times more capital was required to realise his dream.
The duo then proceeded to close a £200,000 angel investment deal, completely commission free, through Venture Giant to establish a residential care home in the South West.
"At a time when mental health care is subject to drastic cutbacks, with Government estimates of mental health care costing 13% of the total £102 billion NHS budget for 2013/14, what this health care entrepreneur has accomplished not only gives back to the community but also fulfils a demand that will only increase" stated Rishi Anand, Founder of VentureGiant.com
Hughes was not your prototypical entrepreneur; instead he was just an experienced person within the health care industry that was looking for investment to start his project and he saw potential in Residential care homes and, with his experience within the sector, knew that he could give something back to his community and also make the right investor a lot of money. He approached Venture Giant after carrying out a lot of research on them and has not looked back.
Recent Business research on start-ups has shown that a lack of business funding and mentorship have been seen as the two biggest barriers to starting a business in the UK. It can also be a difficult time for an established small business searching for working capital to expand or continue to operate their business.
Even businesses that opt to try innovative methods of raising capital via crowd funding platforms have inevitably led to high success based commission fees and also have failed to provide the level of expertise and mentorship that a small growing business requires during the first five years of trading.
Venture Giant found Hughes investment by connecting him with a property professional that had many years' experience in property, was well respected, could provide the necessary mentorship and was also looking to get involved with a Venture that could give something back to the community. The online platform's charging policy also ensured that no commission was due on the successfully completed deal and no upfront fee was due unless Venture Giant was able to perform and find investor interest for the entrepreneur - these two points in combination with one another ensured Hughes saved up to £10,000 in commission charges when compared to other angel investment networks and crowd funding portals.
This was exactly the same situation that Mumpreneur, Sarah Tindle faced whilst she looked at all of the funding options for her Nursery in Derbyshire.
She was sure that her business could be expanded through opening multiple sites across the UK by creating franchise opportunities but funding was holding her back from taking her business to the next level.
Sarah did have the skill set that many UK entrepreneurs and small businesses do not have, to operate their business, and she had many years of experience in creative arts under her belt. She had even moved from her Community village hall into her own leased building but was having trouble locating funding of £50,000 to meet the demands of her growing business.
After carrying out extensive research on all of the business organisations that could help her, she chose to approach Venture Giant in the hopes of finding business angel investment from an high net worth individual that would understand her business, background, and growth prospects of her business.
She not only found the small business investment she was seeking as a result of Venture Giant's efforts but also the experience and mentorship that she required to really give her business a boost. There even came a time when Sarah was declining investment from some of the investors that Venture Giant introduced to her.
Statistically, the UK boasts around a third of Europe's angel investment with small businesses successfully raising £1bn each year through Angel Investment. This is not an area that has been overlooked however the traditional problem that small businesses and start-ups have faced when looking to secure angel investment is on how to locate these wealthy individuals and also on how to secure a deal with them.
Success stories on Venture Giant have included the former Commercial director of VisitLondon raising £250,000 of business funding for London.com and more recently an established business raising £500,000 as working capital to provide the capital to resurface London Underground Tube stations on the Piccadilly Line for a reported six figure contract amount.
Entrepreneur and small businesses that are looking for small business funding through angel investment are well advised to take a look at established networks that include the British Business Angel Association, Venture Giant and the private investors' unit of Vestra Wealth, which all exist to share knowledge and filter pitches from entrepreneurs.
Full Success stories (including details on this story) and case studies of successful entrepreneurs raising funding can be seen here: Venture Giant reviews.
A full list of Angel Investors and High net worth individuals that use Venture Giant can be seen via the link.
http://www.venturegiant.com ‐ 'Bringing Entrepreneurs & Investors together'
SOURCE Venture Giant