A VC raising platform has been launched aimed at business owners and investors based in and around Toronto. The Sploda team explain they are changing the archaic system with a functional solution.
A new venture capital raising platform has been launched aimed at business owners, start-up founders, and investors based in Toronto. The team behind the Sploda platform explain that finding alternative sources of funding has never been more important for business owners as they face a raft of challenges due to the pandemic and global economic situation.
Find out more at https://sploda.com/connecting-to-capital-during-covid-19
The newly launched Sploda platform aims to bring together innovative business founders and investors who are looking for new opportunities. The team explain that prior to 2020 and the pandemic, 2019 was a record year in terms of the amount raised by venture capital-backed companies.
It totalled $4.1 billion, which equated to a 16% increase over 469 deals even though activity was down by 11%. Since then there been many challenges for new businesses and products entering the market as well as opportunities for savvy innovators and investors alike.
With vision, persistence, and capital the team explain business leaders are adapting to the new demands they are experiencing. This includes the technology opportunities created by the product and service gaps created by local, national, and international lockdowns.
Sploda and its team explain the platform was developed to ensure companies and investors use due diligence to filter their lead flow and protect themselves from spending their limited time wining and dining, pitching and negotiating, writing legal LOI’s and MOU’s while there is a possibility the deal could be derailed in the final stages.
The team behind the platform understand the difficulties and challenges faced by those on both sides of the deal as they explain it was difficult for them to find real investors when they were trying to raise capital.
A spokesperson said: “In Canada, Toronto was the top city for venture capital investment, which also means that by volume, Toronto wasted the most time and money. Something was required to shake some common sense into an archaic process.”
“Sploda.com became the solution. Operating in 28 countries, Sploda connects companies of all stages (pre-revenue to profitable), public and private, in all industries to verified investors around the world,” they added.
To find out more, interested parties are invited to visit the link provided.