Yoram Wijngaarde is sure of one thing: Business angels looking to invest in European startups waste a lot of time just searching for them. More time goes into researching a startup’s basic information than actually examining and analysing the company itself. That’s something Wijngaarde’s platform Dealroom – which bears a striking resemblance to US-based AngelList – wants to change.
Dealroom started as a networking tool called NOAH Advisors and this week relaunched to provide Europe with its own version of AngelList. In a blog post, Wijngaarde was quick to assure that Dealroom is now independent from NOAH and also financed separately. More than 4,000 technology companies and 400 investors are already listed on Dealroom.
The platform uses a matching tool to connect investors and startups with similar attributes. It works both for seed investments and later-stage funding, the company claims.
Lead investors on Dealroom can also find co-financiers via a syndication feature, which was also introduced on AngelList amidst a large amount of controversy. Users in the US feared the new feature would mean that “power angels” would receive preferential treatment, while smaller investors would be pushed to the edge.
For more details on Dealroom check out the following presentation:
Image credit: Flickr user aresauburn™
For related posts, check out
- AngelList rolls out new features after $24m funding boost
- Seedcamp revs up plans for London and Berlin, becomes AngelList’s first European partner
- Microsoft Ventures partners with HTGF and Seedcamp – and eyes first deals in Berlin