Venture Capital: Fintech and Healthtech Startups To Get a Leg Up From London Stock Exchange and Global Accelerated Ventures
A post-COVID-19 fundraising program will help these startups raise additional capital.
ELITE, the London Stock Exchange Group’s (LON: LSE) international business support platform, and Global Accelerated Ventures have launched a post-COVID-19 fundraising program. It will help fintech and healthtech firms with additional capital needs that may arise after the end of the pandemic. (CROWDFUND INSIDER)
The companies will also get access to institutional investors, introductions to investors, and mentors for professional development. The duration of the program is 24 months.
The ELITE platform is designed specifically for fast-growing companies.
“We help the most ambitious private companies scale up, structure for the next stages of growth and access capital,” said the LSEG. “Companies become part of a vibrant community of entrepreneurs, advisors, investors, and key stakeholders.”
Previous participants in this program benefited from a 30% growth during their first year of operations.
COVID-19’s impact on start-ups
According to Christopher Malter, CEO, Global Accelerated Ventures, start-ups in the global healthtech and fintech sector are suffering from a liquidity crunch as a result of the COVID 19 pandemic. The new program will help them continue their operations once normalcy returns.
Global Accelerated Ventures is a leading innovation aggregator with offices in London and New York.
The company has a previous history of collaboration with the London Stock Exchange Group. The two firms aim to advance the growth of fintech companies.
In September 2019, the two organizations launched the ELITE GAV FinTech Lounge, an 18-month program for selected fintech companies in New York and London. It will provide their management teams with access to an extensive global network of support to help them achieve scale.
Related Story: Swiss Banking Giant UBS Homes in on Fintech Investing
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