At Republic Europe, we often get asked by Founders what the fundraising process looks like, and when they should start planning for it. Our answer is always the same: start planning as soon as possible. Simply put, the better you prepare, the more successful your round will be.
Timeline of the fundraising process
6 months out
- Work out how much money you need to reach the next level. It’s good to have a minimum and maximum.
- Write a pitch deck or investment memorandum explaining your story, and how you’re going to use this money to reach new heights. Some helpful resources:
- Go to trusted individuals in your network and get feedback on your deck. This also has the dual effect of letting people know you’re fundraising without bluntly asking them to invest.
5 months out
- Start arranging investment meetings with your network. Useful resources:
- Get an initial commitment; only verbal required. Keep booking meetings.
4 months out
START YOUR FUNDRAISING JOURNEY (to extend your network)
- Apply to raise and a member of the team will be in touch if your business is suitable.
- Plan outreach to your community and extended network with initial information gained from the call. Useful resource:
- Have a strategy meeting with someone at Republic Europe. At the end of this call, you should have a plan in place to distribute the fundraising campaign. Useful resource:
3 months out
- Write your campaign pitch, and submit legal and DD information. Respond to review requests from the Republic Europe team.
- Tell your community you’re crowdfunding, collect initial interest (through a pre-registration page).
- Create your campaign video.
2 months out
- Go privately live on the platform and get all your community to invest in this “priority access” phase.
- Go publicly live. The investment is now available to everyone.
- Ensure EVERYONE knows about your campaign. Customers, friends, family, LinkedIn contacts, acquaintances, dogs. If people don’t know about your campaign they can’t invest.
14 days out
- Close your campaign. Investment documentation is drafted and signed.
- The money lands in your bank account – JOB DONE!
Are you interested in raising funds with Republic Europe?
Apply to raise now and if your business is suitable, a member of the team will be in touch.