London CEO network surpasses £850K crowdfund goal
Posted on July 20, 2020 by Alistair Hardaker
London-headquartered digital investment platform Opportunity Network has raised nearly £900,000 in its latest crowdfund, beating its £850K goal with five days left.
The firm’s platform includes an algorithm which it said matches CEOs to other decision-makers with their shared business needs around any B2B need transaction above $50k.
It reports that its its member-base has grown 70% every year from 2014 to 2019.
Founded in 2014 by CEO Brian Pallas, Opportunity Network began as a newsletter at Columbia Business School, where Pallas saw the potential in anonymously connecting the Family Business Club members.
The firm now has 44 full-time employees, operates in 136 countries and has 32,000 CEOs, investors and decision makers registered on the platform.
The firm said it vets all of its members before allowing them to join, and reports that currently 86% of deals find at least one counterpart within two days.
The new funding will power its goal is to reach full scale by the end of 2020, with 50,000 members. At this point firm said it will be able to find 10 counterparts for 95% of deals in one hour.