PwC sponsors Seedcamp — accelerator for fast-growth enterprises

PwC has become a sponsor of Seedcamp – the London-based investment fund that supports and accelerates startups from the pre-seed and seed capital stage. PwC will also offer a new cloud-based accounting service for SMEs, My Financepartner, to this September’s Seedcamp intake.

Tony Price, PwC partner with responsibility for My Financepartner, said:

“If early-stage companies are intending to grow fast, they need to get on top of issues such as cash burn rates, R&D tax credit support and statutory reporting. Later they’ll need support to secure further funding rounds and to plan for headcount growth.

“My Financepartner helps smaller companies manage their financial affairs from the beginning, and represents PwC’s increasing commitment to fast growth, IP-rich firms, especially those in the technology sector.”

Reshma Sohoni, partner and co-founder of Seedcamp, said:

"Good financial management and reporting is essential to later funding rounds, even for the most promising of companies. We are proud to announce our Autumn cohort of Seedcamp companies, and excited to see the launch of My Financepartner which really has the startup stage in mind. It's a great step by PwC to create a targeted offering and we're pleased to welcome them as partners."

Notes for editors:

For more information on My Financepartner got to

www.pwc.co.uk/MyFinancepartner

The companies selected through Seedcamp Week which ran 8-12 September are:

Carbon Voyage, London, UK – Creating technology that makes transport more efficient.

Homeshift, London, UK – A home moving service that enables you to organise your move hassle free.

Make Works, Glasgow/Edinburgh, Scotland – Connecting the design industry with the ability to manufacture work locally.

Medefer, London, UK – Improving patient safety and reducing unnecessary hospital referrals by providing telemedicine consultant advice.

Newsfixed, London, UK – An international journalism marketplace allowing media organisations and information-heavy businesses to commission content more efficiently than before.

Shoprocket, London, UK – Feature rich eCommerce that integrates seamlessly into any application with a single line of code.

Wriggle, Bristol, UK - Connecting users with unsold spaces at local food, drink & entertainment businesses at a discounted price.

Seedcamp have also invested the following companies through their fund and invited them along to Seedcamp Week to participate with the other teams.

eMoov, Brentwood, UK – A leading leading online estate agent.

Mailcloud, London, UK – A unique collaboration service for teams to work easier and faster on all their devices.

Property Partner, London, UK - Democratising investment in buy-to-let property at the click of a button.

Teleport, Palo Alto, CA/Tallinn, Estonia – A search engine for Digital Nomads.

Full details here.

About Seedcamp.

Seedcamp is a new kind of fund, supporting startups from the pre-seed and seed stage. We back ambitious founders from around the world and help them build billion dollar global companies by providing them the right access at the right time to Learning, Network, and Capital. We invest initially up to $250K and accelerate them across the product/market fit, traction, growth, and scale stages from seed funding to IPO.

About PwC

The move demonstrates the way technology is driving change and innovation in how professional services firms serve the start-up and SME market in the UK. See PwC's recent agreements with Funding Circle and MarketInvoice, two leading UK alternative finance companies.

http://pwc.blogs.com/press_room/2014/10/pwc-and-marketinvoice-to-help-fast-growth-ambitious-businesses.html

http://pwc.blogs.com/press_room/2014/10/funding-circle-and-pwc-tie-up-to-support-small-growing-british-businesses.html

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 195,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at

www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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Andrew Smith

PwC | Communications
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