GetEquity, a Lagos-based tech startup today announced the launch of Dealroom— a suite of products that will enable individuals, startups, VCs, and other investors to manage their capital raises and investments on an accessible virtual platform.
Dealroom features advanced tools for portfolio management, scenario modeling, valuation calculations, and more. VCs and institutional customers can use GetEquity’s Dealroom to share deal flow, raise capital for their existing portfolios, and systematically manage their own portfolios.
This suite complements GetEquity’s previously launched startup funding platform and further establishes the company as an all-encompassing facilitator of venture capital and startup financing. This new suite of products enables GetEquity users to create private deal rooms where they can pool investments into startups and enables startups to manage their raises on a convenient and feature-packed platform.
Features for VC funds to platform their existing portfolios will come online in the coming weeks. Dealroom breaks new ground in venture funding by enabling individuals to pool investments with other users. For example, a GetEquity user could identify a promising startup that they want to invest in and use the existing GetEquity platform to put in capital.
With Dealroom, if that same user wanted to invest more than they could on just their own, they can now create a private Dealroom and invite their friends to join, then structure their investment as one. This newly formed syndicate could then manage members, invest in new companies, and have access to all the management tools that VCs use.
While in private beta, syndicates formed on GetEquity used Dealroom to raise over $150,000. GetEquity CEO and co-founder Dike Jude commented, "the launch of GetEquity’s Dealroom brings world-class capital raising tools to any startup and investor. Our first product was focused on bringing African startup investment opportunities to new audiences".
Founded by Jude Dike and William Okafor, GetEquity’s mission is to build and support Africa’s largest startup financing ecosystem. Startups can list themselves through the GetEquity platform and market to institutional investors and public users using the platform. GetEquity enables anyone to buy equity in a listed startup for as little as $10.
"With Dealroom, we are introducing new and secure ways for our users to pool and organize investments, manage deal flow, and raise capital for their portfolios. We are excited for our startup and investor users to get started with these new features", Jude said.
GreenHouse Capital (GHC), the leading African fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs, is one of the first institutional customers to use the platform. GHC previously led GetEquity’s pre-seed round.
Bunmi Akinyemiju, Founding Partner of GHC, commented, “there is a massive global interest in African investments, and GetEquity has already brought many promising startups onto a platform where they can raise money from diverse investors, including retail investors. This new product elevates GetEquity’s services and further increases the value offering for investors like GHC.