In latest funding round, Connectd, the innovative platform facilitating connections between startups and seasoned executives, has secured £5.5 million. This development comes as the company experiences an 80% growth this year, marking a significant milestone with an annual recurring revenue exceeding £8.6 million. Connectd stands at a pivotal moment in its journey, continuing to link startups and scaleups with experts who deliver strategic advice without the full-time costs. Amid this momentum, Connectd aims to capitalize further on its success.
Since it began in 2019, Connectd has achieved substantial growth, with over 25,000 connections, including investments and strategic hires, under its belt. As of now, it has raised $16 million, demonstrating an expanding influence across the UK and US markets. Previously, the platform was noted for its unique model of matching business needs with fractional executive expertise. Now, this system continues to evolve, marrying new technological advancements with traditional advisory roles.
Why choose fractional experts?
Engaging fractional executives presents a solution for startups that need specialized expertise without long-term financial commitments. This approach allows emerging businesses to access elite advice at crucial moments, leveraging the knowledge of experienced professionals. Fractional roles offer a diverse work environment, especially for executives transitioning from corporate life to self-employment, thus enhancing the variety and flexibility in their professional journeys.
How does Connectd use AI technology?
Connectd employs artificial intelligence to provide precise matches between startups and fractional executives. By analyzing financial data, the platform aligns business needs with the specific skills of professionals, whether it’s for a product launch or financial structuring. This tech-driven approach offers startups the opportunity to benefit from high-caliber guidance tailored to their growth stage and specific requirements.
Looking ahead, Connectd invests in nurturing the next generation of fractional professionals through its Innovation Academy. This initiative extends support to advisors, covering personal branding, governance, and monetization strategies. Supported by Anker Capital and partners, the platform aims to offer a model that enriches early-stage company development by merging capital, expertise, and on-demand talent.
The participation of Anker Capital marks a strategic endorsement of Connectd’s model. Jonas Anker emphasizes the platform’s potential, backing it for offering on-demand expertise alongside traditional capital and strategic guidance. This integration is seen as pivotal for startups seeking substantial yet flexible advisory support.
This strategy of combining advisory assistance and capital creates a competitive edge for Connectd, appealing to startups eager for expert input without incurring excessive costs. Roei Samuel, the CEO, notes the value fractional executives bring, akin to having renowned experts offering targeted guidance periodically at critical business junctures.
Connectd’s recent funding accentuates its commitment to supporting startups with high-level expertise. The platform’s ability to intelligently match businesses with the right talent is vital for navigating early growth phases. As more startups seek fractional guidance, understanding how to optimally employ such talent becomes crucial for success.
