Fearless Adventures has launched a multi-million pound fund and a one stop shop of support services pitched at the next generation of direct-to-consumer (D2C) startups in the UK.
Started by entrepreneurs, David Newns, Dominic McGregor and Charlie Yates, Fearless Adventures offers partners three areas of support: funding, marketing services and talent.
Three companies are already onboard, with the aim being to close up to 10 investments by the end of 2021.
In time for launch, it has tapped the Hut Group, Social Chain and Mojo Mortgages to provide expertise on everything from SEO to PPC, and business intelligence to data analytics.
Newns says: “We want founders and startups that we partner with to reach the world leading heights that we did with our own businesses.”
“So we asked ourselves: ‘What support do we wish we had access to when we started?’. It was clear there was a real gap for an offer that helped passionate entrepreneurs, not only raise capital but get a high quality, ready made support system to help their startups thrive.”
McGregor adds: “Having been through the highs and lows of growing successful businesses, we have experienced almost every problem associated with scaling companies.”
“And we’re passionate about putting that expertise to great use with our partner companies that have already demonstrated a successful market fit, are profitable and are led by talented entrepreneurs who are as ambitious for growth as we are.”
Yates comments: “Our key principle is ensuring we have complete alignment with our partner companies and investors. We structure our investments so that we are uniquely incentivised to help deliver as much value to the founders and their companies as possible.”
The team also plans to develop and launch an apprenticeship programme, The Fearless Academy.
Source: Retail Technology Innovation Hub