Capital Pilot announces the pre-launch of the Rescue Equity Fund, an initiative aimed at helping thousands of UK startups to survive through the COVID-19 crisis.
Whilst the fund is still in fundraising mode, early stage growth businesses are now invited to register their interest to ensure priority access to the application process once the fund is live.
Companies will be selected in a rapid and entirely online process, based on Capital Pilot’s proprietary Investability Rating system. Successful applicants will receive £50,000 of equity investment, with a plan to support hundreds or even thousands of companies.
“Although the Government has launched a series of schemes to provide financial support to SMEs, thousands of value-creating UK startups and scaleups still fall out of scope and will be at risk of failure because of the COVID-19 crisis,” said Richard Blakesley, CEO and founder of Capital Pilot. “With the pre-launch of the Rescue Equity Fund, we are inviting startups and scaleups to register their interest and join the crowd of companies lining up to apply for Rescue Equity Funding”.
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.