London-based PitchSpace unveils global tech partnership as it prepares to launch investment round
A new technology-driven platform that aims to create a ‘frictionless capital market’ by helping company founders’ pitch their business to potential investors has launched today. PitchSpace is a London-based start-up company that will support other start-ups by developing effective investment pitching. The platform uses specially designed algorithms that require only a few hours of input from company founders to produce a fully automated pitch deck, executive summary and investor messages to help them secure external investment capital for their businesses.
PitchSpace was founded by Serkan Ferah and John Auckland, who have worked together since 2016, helping hundreds of start-ups raise millions in growth investment funding. They created the platform after realising many company founders struggled to prepare a compelling investor pitch, which often took several weeks of their time. Meanwhile, investors have been frustrated with the quality of many pitches they attend, which often lack essential details that drive their decision to invest.
After developing its unique founder and investor focused technology, PitchSpace was offered to four start-up companies to use in a pilot. A group of business angels who witnessed it in use were so impressed they immediately offered to invest in the platform. In just four months, nearly 300 start-up companies have signed up to use the Beta version of PitchSpace, which is currently being offered free of charge, with the aim in year one of reaching 1,000.
The company is due to launch its investment round later this year, aiming to raise funds to help further develop its technology to create a ‘frictionless capital market’ by matching start-ups with ideal investors and automating deal workflows end-to-end.
PitchSpace has also announced its first global partnership with Dubai-based Sandbox, a founder-focused start-up programme that supports early-stage technology entrepreneurs. Under the agreement, the PitchSpace platform will be offered to the start-up cohort of Sandbox and promoted to more than 1,000 start-ups that are part of its Dubai parent organisation, DTec. PitchSpace will also run a series of workshops with cohort companies in the region to help enhance their investment pitch and better engage with investors.
PitchSpace co-founder Serkan Ferah commented: “PitchSpace is a great example of innovation born out of frustration. After being inundated by start-up founders who needed help to prepare their pitch to investors, we soon realised there was nothing available in the market, so we designed our own solution using innovative technology. We have now developed a Beta platform that enables company founders to build better quality pitches using far less time and resources, covering the core areas which investors require and ultimately helping more businesses secure investment.
“The initial engagement from both the start-up and investment community has been phenomenal as witnessed by the numbers of companies signing up to use our platform and the interest we’ve generated from strategic partners and investors. Through our forthcoming fundraise, we aim to take our technology to an even higher level by connecting ideally matched companies with investors within a frictionless capital market.”