Published: April 7, 2022 | Updated: April 9, 2022
Biz Gallery: Five pitching businesses share their future ambitions with Dorset Business Angels
Three out of the five pitching businesses at the latest event by Dorset Business Angels (DBA) secured investor interest.
Held at Bournemouth’s Carlton Hotel, the angels were delighted to welcome three new members attending their first DBA event.
The businesses seeking support used both in-person and online pitches.
They had ten minutes to make a compelling case for investment, followed by ten minutes of questions from the floor.
Each pitch fuelled a lively discussion with many questions posed to the entrepreneurs presenting.
Two of the businesses failed to gain any investor interest.
The three successful businesses were:
- An award-winning healthcare digital staff passports company, founded in 2015 by two NHS doctors. The business provides a digital staff passport system for employees working in the medical services sector. The business was seeking to raise £1.5m to allow it to scale up, create a tech platform and secure sales. Two expressions of interest were received.
- An entrepreneur seeking to create the world’s best respiratory protection. The mask has three unique features, which are not available elsewhere on the market, and aims to dominate the market. The business has a UK patent and a US trademark is pending. Seeking £650,000 to rapidly scale and establish market share, the business gave a pre-money valuation of £3m. Three investors expressed interest.
- A shift working marketplace for hospitality staff, designed to help employers and staff work flexibly together and match empty hospitality shifts with rated people who want to work them. Employers post shifts, staff apply, and the company takes care of payment, payroll, and paperwork. Now in revenue, and seeing a 3 x growth on pre-pandemic levels, it is being trialled by several national organisations. Seeking to raise £400,000, the pitch received three expressions of interest.
Dorset Business Angels also welcomed Mark Kilby, from DBA partners Saffery Champness chartered accountants, who gave a brief presentation on EIS (Enterprise Investment Scheme) and SEIS (Seed Enterprise Investment Scheme).
Max Wright, Angel investor and event host, said: “The evening was a great success with lots of positive interaction from attendees.
“The event was videoed too in order that we can continue to engage effectively with our wider membership who are based across the UK.
“Pitch videos and pitch decks are hosted on our website Pitch Portal and will be available for members and those booking onto the event to view.
“It was good to welcome three new members and see our membership continuing to thrive and grow.”
DBA is sponsored by Saffery Champness Accountants, Ellis Jones Solicitors and Investec Wealth and Investment.
To book a ticket for the in-person pitch event on June 20 please visit dorsetbusinessangels.co.uk/events
Biz Gallery – pictures by Kate Shaw, KTPR