Floww announced raising £5M from angel investors and family offices.

Floww, a London, UK-based startup developing a software solution for the private investment administrators, announced that it raised funding of £5M ($6.7M).

The money was raised from a range of angel investors and family offices, including Ramon Mendes De Leon, Duncan Simpson Craib, Angus Davidson, Stephane Delacote and Pip Baker.

The money will be used for taking the product to market.

Floww, founded in 2016 by Martijn De Wever, Lee Fasciani and Alex Pilsworth, developed a software tool that should help the portfolio managers with a better administration of their assets under management.

At the same time, the compay claims that the platform should also have a role in allowing founders to raise capital by providing them with a suite of tools and materials to get started, from cap table templates to ‘How To’ guides. The founders contribution to the platform should be integrated then in investors' platform accounts - they will however be charged for initiating contact and send their deal to multiple VCs.