Ignite founders to launch angel investment digital platform – The Royal Gazette

Updated: May 24, 2022 07:55 AM

Caroline McGill, executive chairwoman of the Bermuda Investor Community

Bermuda Investor Community Limited has announced the launch of the island’s first fully digital platform bringing qualified individual investors and entrepreneurs together.

The platform’s launch event will be on June 7.

Bermuda Investor Community is a sister company of Ignite, the island’s first privately funded entrepreneurial accelerator.

The launch of the community’s online platform marks the realization of a key goal for the founders of Ignite — to create a formal channel connecting qualified investors with Bermudian start-ups and small businesses.

All profits from the community’s activities will be recycled into the Ignite programme.

Caroline McGill, executive chairwoman of the Bermuda Investor Community, said: “We are excited about our launch and we invite investors and entrepreneurs to register on our platform ahead of our official launch event.

“The platform is structured to help entrepreneurs present their investment needs in an investor-friendly way, while protecting any commercially sensitive information.

“Similarly, investors can find opportunities to invest on the platform while remaining discreet.

“Our fantastic group of volunteers, including experienced finance and investment professionals, have been working tirelessly to prepare our entrepreneurs for investment and we are very excited to have a number of investment opportunities ready to present to investors.”

Don Mackenzie, co-founder of Ignite (File photograph by Akil Simmons)

Don Mackenzie, co-founder of Ignite, said: “To date, the work of Ignite has resulted in significant job creation and boosted Bermudian entrepreneurship through education and mentoring.

“The Bermuda Investor Community is the next step in creating an ecosystem that supports Bermudian entrepreneurs and small businesses.

“Ultimately, it is our hope that creating a formal investment market for small businesses will further accelerate job creation, economic opportunity and a diversification of the economy that benefits all Bermudians.”

Sean Reel, executive director of Ignite (File photograph by Akil Simmons)

Sean Reel, executive director of Ignite, said: “Entrepreneurs in our community are building strong engines for economic recovery and yet accessing capital to grow their business is challenging in Bermuda.

“Raising funds can be difficult in a small community such as ours, where privacy is highly valued and capital can be difficult to find.

“The Bermuda Investor Community is a welcome solution to these problems and a much needed boost for small businesses ready for growth.”

Ms McGill, a specialist in sustainable finance and impact investment at Hillbreak, the ESG consultancy and training organisation, is joined on the board by non-executive director George Thomas, global chief operating officer and head of Americas at XB Market Ventures; non-executive director Penny MacIntyre, a partner at Rego Sotheby’s International Realty; managing director Neil Patterson, the Ignite co-founder and retired chairman of KPMG in Bermuda; and managing director Andrew Baron, senior adviser at Equilibria Capital Management.

See the platform at www.investorcommunity.bm/.

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