Equity Investment in Social Enterprises - A Rare Beast


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Connect Fund has made an equity investment in Singlify, the startup that created the modular and customisable Investment Management system.

Connect Fund is a £3m social investment infrastructure fund managed by The Barrow Cadbury Trust. The Trust was set up in 1920 by Barrow Cadbury, then chairman of the famous family-owned Cadbury chocolate business, and his wife Geraldine.

Singlify is Connect Fund's first equity investment, and one of very few UK social investments using equity rather than debt as a way to provide finance.

Connect Fund issued Singlify with a 'convertible loan note' of £50,000. After 36 months, the investee either repays the loan with zero interest, or it's converted to equity (shares in the business) at a valuation determined at that point.

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Edited by: Michael Saunders

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