Specialist online equity fund-raising business FundTheGap today announced that it has been acquired by Darwin Strategic Limited (“Darwin”), the small-cap equity financing business majority owned by funds managed by Henderson Volantis Capital. Exact terms of the transaction have not been disclosed.
FundTheGap was founded in 2012 and launched in early 2013 with the aim of introducing high standards of quality and professionalism to the fast-growing crowd-funding and online investment sector. In particular, it focuses on helping companies with a solid business plan and strong management team looking to raise up to £2 million in equity from private investors. Having launched six months ago, FundTheGap already has a strong pipeline of investment opportunities.
The original backers and founders of FundTheGap consist of a highly experienced and expert team comprising Derek Uittenbroek, CEO, Ken Ford, former CEO of Teather & Greenwood, and Martin Sherwood and Christian Elmes of Enterprise Investment Partners, the specialist tax-efficient equity fund-raising boutique.
Derek Uittenbroek will be moving to Darwin as part of the deal and will head up the new operation. Ken Ford is to become a non-executive director. Martin Sherwood and Christian Elmes will remain involved as shareholders in the new business.
Darwin funds growth companies requiring access to capital via equity and equity-linked investments. It seeks to create long-standing partnerships with AIM listed growth companies.
Derek Uittenbroek said: “We have worked hard on our proposition to ensure we are clearly differentiated from the competition and to establish a healthy pipeline of high quality investment opportunities from the outset. For Darwin to have recognised the potential of our business so early in its existence is extremely rewarding. This is a tremendously exciting opportunity for us to work closely with – and have the support of – an experienced and specialist team that is as focused as we are on helping growth companies to access capital”.
Anand Sambasivan of Darwin said: “FundTheGap has clear stated objectives, an outstanding platform and a high calibre management team. It stands out from the competition. We share the view that providing alternative funding options to the growth companies is crucial to the sustained growth of the global economy in the future. We think this is an exciting space in which to operate and in bringing FundTheGap into Darwin we intend to continue to contribute to it for years to come.”
The platform will continue to operate as usual, under the FundTheGap brand name, until further notice.