Riversimple has been funded to date through a combination of equity investment from family offices, crowdfunding and grants. In 2020 we were successful in our application to the Future Fund and had a Convertible Loan Note with the British Business Bank and other lenders.
We have recently closed a crowdfunding campaign which has triggered the conversion of that loan note into equity. The British Business Bank is now a shareholder in Riversimple, as is the Development Bank of Wales.
We are now working with Gambit Corporate Finance LLP to raise funds in preparation for volume manufacturing.
For more information on our funding plans, including future opportunities to invest, please register below and we will be in touch. Thank you for your interest.