How automation can streamline and reduce bias in the funding process

Over time, the route to external financing has become a standardized, inefficient process. Founders will go to venture capitalists or wealthy'angels', map out their vision and ask for funding in return for a stake in the business. Investors will do their own research and deals will always hinge on subjectivity. Entrepreneurs must persuade investors that their company mission warrants backing and that they, as individuals, are capable of making it a reality. Despite the advanced technologies and sectors that investors bankroll, these existing methods are outdated and not fit for purpose.