HAMBURG, Germany - December 5, 2018 - (Newswire.com)
The investment banking fintec startup raised $250.000 USD in its seed round led by Lymbersky Capital & Asset Management. RAISING targets startups that are seeking venture capital from investment funds, family offices, and corporate investors. The company provides access to more than 30.000 investor contacts that RAISING has listed on their platform and gets startups connected to C-Level decision makers in the venture capital industry.
RAISING will use some of the $250,000 USD to fund technical upgrades on their fundraising platform. The balance will then be used for targeted marketing, so that more startups can take advantage of their automated investment-banking services including structured investment process, data room management, and online term sheet negotiations for early fundraising rounds.
The investment banking market is expected to grow up to $100 billion by 2020, and the number of fundraising rounds increases every year. But the applicable processes are still heavily manual and according to RAISING on their website, "Founders of early-stage companies spend 50% or more of their time on fundraising. We want to reduce this to 5%". Looking beyond this problem, RAISING sees a market that is has been thus far untapped by professional investment banks and has decided to intervene by comprehensively automating investment banking processes and making related professional services affordable available to early-stage startups. RAISING is the first venture capital company to do this.
Lymbersky Capital & Asset Management is a Germany based family office investing in real estate projects and selected venture capital deals.
RAISING makes it significantly easier for startups to raise money from venture capital investors, family offices, and corporate investors. The pacesetting company has on its own made some commendable efforts towards automating the venture capital fundraising process, and the plan is to comprehensively automate investment banking for young and fast-growing companies seeking venture capital.
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Original Source: RAISING.capital Raises $250K to Automate the Venture Capital Fundraising Process
