Five tips for fundraising in August

For early-stage Founders, every day is an opportunity, especially when it comes to fundraising. But when it comes to summer, Founders need different strategies. According to Statista, August sees a significant drop in business activity across various sectors, with only December being slower.

Despite slightly slower activity, there’s still plenty you can do in August to accelerate your raise and set yourself up for success. This month, we’ll be sharing relevant content to help you maximise your efforts. From actionable steps you can take today to insights on raising funds from Angels, we aim to provide you valuable guidance to keep your momentum going.

What can you do in August to maximise fundraising from Angels

Get prepared.

Work on your pitch, deck and data room. Ask for peer feedback, really dig deep to convey your “why” and craft your story so it brings your authenticity about the problem you are solving.

Attend founder and investor events

August still has its fair share of events, much like December. The weather encourages people to be out and about, making it a great time to network. Look for events tailored to founders and investors. Take this time to nurture relationships with your existing network too.

Identify relevant Angels and gather contact details

Use data to your advantage - research and compile a list of investors who align with your goals. Having a targeted list can streamline your outreach efforts, ready for busier times of the year.

Reach out to Angels for informal chats

Counterintuitively, investors may be more accessible during August. Many take time off from their day jobs, resulting in a freer inbox and more availability for a 15-30-minute phone call. Use this time to get their advice on what you’re building.

Share updates with potential angels

Keep the angels you are already in contact with informed about your progress. Regular updates can maintain their interest and demonstrate your ongoing momentum.

By focusing on these strategies, you can raise your chances of making significant progress in your fundraising efforts, even in August. Stay tuned for more tips and insights to help you navigate the fundraising landscape successfully.

Feel free to share this with your network if they find it useful!

Scribe is a private company data platform. We structure data from Companies House, helping Founders find Angels who are actually investing. Welcome to the future of company knowledge.

Header Image by Pralea Vasile