Inaugural Dorset Business Angels Virtual Pitch Event hailed a success and investment secured for entrepreneurs

Virtual Pitch Event

The inaugural Dorset Business Angels (DBA) Virtual Entrepreneurs’ Pitch event took place on Monday 27th April and has been hailed a success, by attracting an immediate investment for one Company and the prospect of investment for 3 others from 6 potential investors who wish to proceed to ‘due-diligence’.

5 businesses were invited to pitch and some 24 investors joined the Zoom Video Communications Platform.  This new ‘route to market’ for the pitching entrepreneurs turned the usual quarterly pitch event format on its head, resulting in much condensed presentations and an even higher attendance than usual of investors.

DBA Vice Chairman, Frank Guinn hosted the event and kept a firm charge on attendees present in the ‘room’.  Prior to the event businesses had submitted 5-minute pitch videos and questions had subsequently been submitted by investors in advance of the virtual pitch.  Once online on Zoom the entrepreneurs were invited to do a one-minute summary presentation followed by 5 minutes of Q & A’s by the investors present.  Entrepreneurs would then leave the conversation and platform. The Angels would subsequently discuss their interest and comment on the opportunity that had been presented.”

Frank continued, “The current covid-19 restrictions have hugely impacted on the service that we are offering, with the result that we’ve been forced to reconsider what we deliver and how we do so. We’ve had to think outside the box.

“We’re definitely on a journey, evolving new working methods and attitudes and coming up against new technology challenges. We’ve come a long way in a very short period of time. Our next event will be on 6th July and if online again we would seek to encourage more investor interaction and tweak the mechanics of how the event is run.

“We said when initially launching this virtual pitch event that we would largely gauge its success by whether investor interest was achieved and we are delighted to be able to report that it was. We are also extremely pleased at the investor interest that we secured in attending our event too.

“It’s very likely that in the future we will occasionally continue to do virtual events, even when the need for social distancing might not exist.”

The business that secured immediate investment was an energy storage systems and electric vehicle charging business which aims to produce the first ‘demonstrator’ and become one of the major five energy suppliers in the UK.

Other business securing investor interest, that have entered into due-diligence included:

  • A start-up that has produced Europe’s first Prebiotic Sparkling Soft Drinks and is now seeking to gear up for a launch into the UK market with an ambition to establish the brand in a small number of well-known independent stores.
  • A company manufacturing the only product currently available that combines a bowl of multi-wholegrain cereals, milk and vitamins into one easy ‘grab and go’ 330ml carton.
  • A company taking the SMART approach to supply a cost-effective, innovative security solution for the preventing the theft of ANY electrical device.

Frank concluded, “We would like to thank our sponsors Saffery Champness Accountants, Ellis Jones Solicitors and Investec Wealth and Investment for their support. The expertise that they bring to the table, along with that of the DBA Board members, is invaluable. It enables us to react very quickly and assist in delivering services to investors and entrepreneurs within the requirements laid out by the financial conduct authority.”

DBA was formed in 2013 with the aim to bring investors and entrepreneurs together to accelerate the growth of early stage businesses. DBA provides quality, private equity investment opportunities to local high net worth (HNW) and sophisticated investors (SI).

Four times a year companies are invited to attend an event at which they pitch their business to the savvy Angels in a Dragon’s Den type scenario. Angel investment might come from a single investor or it could be 2 or 3 Angels pooling funds together to support a company. Any investments are in the form of an equity investment and not a debtor’s loan. Investments are made across all sectors.


Our Pitch Events

There are four pitch events per year, held in February, April, June and October. Usually hosted at the Bournemouth Carlton Hotel or virtually via Zoom.

At each pitch event there will be 5 business presentation pitches of 10-15 minutes, to suit all investor appetites. These will be selected by the Dorset Business Angels directors nearer to the event. Short summaries will be posted to our Events page and distributed via our newsletter ahead of the event. Each pitch includes a Q&A session and is followed by a investor debate, held privately.

These pitches and our other social events are ideal opportunities for networking and learning about what is new and trending in a variety of industries. If you would like to be involved you can find out more on our Investors Membership page.

Our Next Pitch Event

Registration to our next event on January 24th 2022 is via our Eventbrite page.

From October 2021, DBA will run a mix of online and face to face events.

2022 Pitch Events

Monday 24th January - Bournemouth
Monday 4th April
Monday 20th June
Monday 3rd October