WirelessMatch moves to bridge funding gap for early-stage telecoms businesses

01 March 2005

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WirelessMatch.co.uk, an online mobile and wireless accelerator programme developed to match early-stage wireless applications, content and technology companies with private equity investment of between Â£50,000 and Â£1.5m have been launched. Founded by senior executives from Gorilla Park, Move2Mobile and Lucent, WirelessMatch screens applicants that apply to be listed on the site by performing an expert technological, commercial and financial review. This process allows WirelessMatch to ascertain whether the applicants are investment ready. Once the vetting process has been completed, companies' details are listed on WirelessMatch.co.uk where they are exposed to the WirelessMatch investor network. With many venture capitalists vacating the sub-Â£2.5m private equity market, there is an increasing funding gap opening up for young companies looking to expand in the dynamic and fast-growth wireless sector. At the same time the government plans to deregulate and self-certificate business angels, making the opportunities more attractive for private investors. Before launch, WirelessMatch has received strong interest from over 30 companies, whilst at the same time there is an increasing demand from investors for investment opportunities in early-stage wireless companies.