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, 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 (now £50k Boost Fund) 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”.
☎️ Richard Blakesley CEO and Founder. richard@capitalpilot.com 07792 537959