What is Focal?
Since its founding in 2020, Focal has built one of the world’s largest startup demo days, which garners thousands of pre-seed to Series A stage applicants from around the world, as well as thousands of investors. We run Demo Day virtually twice a year, typically in May and October.
Focal is rewriting the rulebook of venture fundraising through a core focus on collaboration over competition. At the heart of our offering lies a partnership model where 250 leading VC funds support Focal in promoting each Demo Day and voting on applicants, in exchange for access to the companies that apply.
For founders, it means they can find all the most relevant and best investors for their fundraise in one place, whilst the open application form means that founders are able to fundraise based on merit rather than who they know. Broadly, we’re trying to tackle the mess that is the venture fundraising process by making it exponentially more efficient and meritocratic.
To date, over 8000 companies have applied to Focal and 122 have pitched at Demo Day. More to the point, it’s working. Former finalists have gone on to raise hundreds of millions and there are a number of breakout companies, such as scan.com, Jude and Honest Mobile. We’ve also enabled Focal attendees to personally invest in 10 of Focal’s companies, through special purpose vehicles, to date!
We continue to build Focal beyond the realm of our flagship Demo Day, working towards our ultimate aim of making the fundraising process as frictionless as possible. Earlier this year, we launched Focal Deploy, a new Demo Day format where VC funds pitch to Limited Partners. We had a whopping 245 VC funds apply and partnered with more than 110 blue chip Limited Partners. Focal Deploy will return in 2025 and we’re excited to see it continue to grow.
Recently, we built and launched a platform for our former finalists, The Focal Community. Our 100+ previous alumni can now request introductions to investors and other alumni founders on demand, as well as receive offers from our sponsors and other partners. We believe Focal will primarily be a platform business at some point in the not too distant future and we’re excited to talk more about this soon. We think the problem we’re trying to solve (the broken fundraising process) is simply massive and there’s so much we can do!