Record Breaking investment deal: £500,000 business funding raised through Venture Giants
An Engineering Services Company that was established in 1993 had won an order from London Underground to re-floor all stations on the Piccadilly Line using a revolutionary American flooring product that had not yet been used in the EU before but had been extensively used and tested throughout the U.S.A.
The deal was in the £millions and to secure it the company required an angel investment injection of £500,000 to meet their targets for survival and growth which is why they originally uploaded their investment proposal to Venture Giants in the hopes of raising £500,000 working capital.
As Shane Duffy commented:
"After registering with Venture Giants, I quickly prepared a proposal and after a couple of tweaks with the help of Venture Giants my proposal was accepted and published.
As most people would be, I was very sceptical and I fully expected to receive at least one contact request from an investor, as I knew this would be the only way the website would make money. However, I quickly realised that this was a real investor and within just a couple of days we had received contact from 4 interested investors.
We made contact with all of the interested investors and sent out detailed information that was requested by all four of the angel investors we met through Venture Giants. This led to two investors coming to our offices in Derby to meet with us.
I am pleased to say that immediately following the first meeting we were made an offer of investment and very quickly after agreeing terms, received an investment of £500,000.”
When Duffy was asked to answer frankly on why he chose Venture Giants and what his apprehensions were about Venture Giants, he answered rather brutally: