Capital Pilot launches Rescue Equity Funding plan for UK Startups
Capital Pilot, the investability rating agency, announces the launch of a funding initiative to help thousands of UK startups survive through the COVID-19 crisis.
Qualifying companies will receive investment of £50,000 each, using an automated process designed by Capital Pilot, with a plan to support hundreds or even thousands of companies.
“Thousands of UK startups and scaleups are at risk of failure because of the COVID-19 crisis” said Richard Blakesley, CEO and founder of Capital Pilot. “We have the tools and processes in place to deploy funding rapidly, and the Rescue Equity Fund is using them to support the startup community”.
Chris Barrett, angel investor and a shareholder in Capital PIlot said “While many are petitioning government for support and expecting them to solve the problem, Capital Pilot is taking the initiative to create a private sector solution which is cheap, scalable and rapidly deployable”.
Capital Pilot is seeking funding for its Rescue Equity programme from corporates, institutions and individuals who wish to support startups while benefiting from investment in a large pool of growth companies.
The Rescue Equity Fund is in partnership with Seedlegals whose SeedFAST platform enables rapid documentation and completion of investment rounds. Capital Pilot’s ambition is for a 1-week application to funding timeline.
“Startups and scaleups will be the driving force behind the economic bounce-back”, said Blakesley. “We must support a whole generation of entrepreneurs which is at risk today, but which will fuel the UK’s future growth”.
