" Silicon Pond is a not-for-profit organisation, so we need an efficient way of sharing details of a start-ups pitch for the 100+ dragons in our group.
Covesta will allow that admin functionality to be taken off our hands, allowing a more efficient use of everyone’s time. "
" Running a group of active Angel investors was often stressful and time consuming.
Covesta will manage the whole process for me, without losing the personal side of what we do. In fact, by reducing the time I spend on administration I can now focus far more on sourcing good opportunities. "
Whether you're already operating or just starting out. Manage your own angel group's membership and deal flow using our simple yet powerful online solution.
It’s a straightforward process. Simply create your account from the link we send you. You can immediately start inviting investors to your group, and businesses to raise.
We will also send you a welcome pack including a ‘Consumer Duty Outcomes for our Retail Customer’’ document for you to read.
All you need to do is send an invitation to the business owner from within your account. We will then guide them through a process to provide all the information required. You will receive a notification via the platform once this is complete. The business owner will then be asked to submit the details of their raise. Once approved it will appear in your inbox for review and you can choose to adopt it into your group and begin gathering interest.
As a group manager you will have access to an opportunity inbox. This is where new investment opportunities will appear for your consideration. You get to decide which opportunities will be displayed to your group investors and which will not.
Your inbox includes opportunities submitted by businesses you engaged yourself, as well as opportunities other group managers have decided to share with our network.
If you introduce an investment opportunity to Covesta, you will also have the option to share it beyond your own group to the wider network.
No, you do not have to be a FCA regulated individual to operate a group hosted on the Covesta network. However all of the investors you invite to join your group will be required to complete a self categorisation process in order to partake in any investments.
Two category options are available on Covesta. These are detailed below. You should take reasonable steps to ensure all investors you invite to your group will be able to successfully complete self categorisation.
High Net Worth Individuals
If during the last financial year at least one of the following applied:
Self-Certified Sophisticated Investors
If in the last two years at least one of the following applied:
Covesta charges each business looking to raise a listing fee of £500.
If you decide to share one of your groups investments with our network, you can include a cover note for other group managers to read.
Additional messaging options are currently being developed.