Entrepreneur Michelle Mone OBE and her businessman boyfriend Doug Barrowman have launched a new cryptocurrency-powered investment platform.
Baroness Michelle Mone OBE and Doug Barrowman have joined forces to launch their most ambitious business venture yet, EQUI.
The cryptocurrency-powered investment platform aims to open up venture capital to a wider audience, giving everyday people the opportunity to invest in vetted, early-stage high-growth tech companies.
EQUI is a web-based application leveraging the Ethereum blockchain. Projects are showcased on the platform and participants use EQUItokens to acquire a stake in projects. Upon realisation, returns are distributed to investors in the projects.
The platform will champion high-tech innovators and entrepreneurs, providing a new route to investment. More than this, businesses brought on to the EQUI platform will benefit from the guidance of the experienced team, including two of the UK's most successful business people.
Baroness Michelle Mone of Mayfair OBE said: "EQUI will find the next generation of successful entrepreneurs and help to build the business success stories of tomorrow, primarily in the areas of technology and blockchain.
"EQUI will source the best investment opportunities in real world assets and champion innovators. We will support them by providing extensive business knowledge, enabling businesses to reach their full potential.
"As a successful entrepreneur myself, I know how important it is to have access to the right resources. Great entrepreneurs can build great companies when they have access to the platform. This is what excites me about EQUI. Together, we can make a real difference."
Barrowman added: "EQUI brings venture capital investing into the modern technological era and opens the investment playing-field up to non-industry professionals, enabling them to back the next hot investment that is traditionally the preserve of institutions and ultra-high net worth individuals.
"We have strong access to deal flow and the investment market generally and will be bringing our experience to the wider market. Once in a generation a new way of thinking disrupts the workings of an established industry. EQUI is that disruptor in venture capital investing and, for me, represents the final evolution of a lifetime's work spent in the industry."
This creation of EQUI follows the successful launch by Doug Barrowman and Lady Mone OBE of a US$300m property development in the heart of Dubai, the first of this scale to be offered for sale in a cryptocurrency.