Member Article

Endeavour Partnership joins forces with Growth Capital Ventures in landmark Fintech project

Business law firm Endeavour Partnership has completed a landmark project involving the creation of a new legal framework for fintech firm Growth Capital Ventures.

The Teesside company’s new framework allows Growth Capital Ventures to give investors of all sizes uniform rights and protection, while also making it easier for entrepreneurs to tap into the opportunities of alternative finance.

Growth Capital Ventures operates online peer-to-peer and equity crowdfunding platforms that link entrepreneurs and high growth businesses with a range of investor types including venture capitalists, experienced angel investors and smaller investors via its crowdfunding arm GrowthFunders.

With such a diverse mix of investors, driven in part by the rapid emergence of equity crowdfunding, the firm recognised the need to create a level playing field for investors of all size.

The company enlisted Endeavour Partnership to develop a suite of standardised legal documents to facilitate co-investment and syndication between the various different types of investor using its platforms.

While striking a balance between investor and entrepreneur needs, the documents also had to adhere to guidelines set out by the Financial Conduct Authority, which directly authorises Growth Capital Ventures.

Craig Peterson, director of London and County Durham-based Growth Capital Ventures, said: “Having previously only worked with big city law firms, it’s fantastic to have found a legal partner on our doorstep with the capacity and expertise to handle such a complex assignment. The firm’s commitment to developing relationships and its realistic cost structure are what really set it apart from the competition. Endeavour are a valued strategic partner and will provide legal support on all equity investments made through our GrowthFunders platform.”

Nik Tunley, partner at Endeavour, said: “This was an interesting piece of work for Endeavour. We have an experienced corporate and commercial team and it’s good to support an innovative ‘Fintech’ business like Growth Capital Ventures. We are looking forward to working together on some exciting deals as over the next few years”.

This was posted in Bdaily's Members' News section by Ellen Forster .