Funding Secured for Expansion of Connectd's Fractional Executive Service Platform, with an Investment of £5.5 Million
In the ever-evolving landscape of business, a new model is emerging that promises to revolutionize the way startups and professionals collaborate - **fractional working**. This innovative approach, spearheaded by the platform Connectd, is connecting businesses with experienced, high-level executives and strategic advisors on a flexible, part-time basis.
### The Keys to Fractional Working
1. **Fractional Executives and Advisors**: These are senior professionals with deep expertise who can work with multiple organizations simultaneously, creating a portfolio of roles. They provide elite perspectives and guidance without the long-term commitment and cost associated with hiring full-time executives.
2. **Flexibility and Cost-Effectiveness**: Startups and scaleups can access top-tier talent during critical growth phases without incurring the costs of full-time hires. This allows them to adjust their engagement based on specific business needs.
3. **AI-Driven Matching**: Connectd uses AI technology to intelligently match businesses with the right fractional talent based on their financial data and growth stage, ensuring a tailored approach to support strategic business needs.
4. **Global Reach**: The model extends beyond local markets, with Connectd serving clients in over 60 countries, demonstrating its potential for global impact in the future of work.
5. **Adaptability and External Perspective**: Fractional executives bring unique viewpoints and can quickly adapt to the technology vision and operational dynamics of a company, providing immediate value through tailored solutions.
### Benefits for Startups and Professionals
- **Startups**: Access elite expertise without long-term commitments, enhancing their ability to navigate critical phases of growth. - **Professionals**: Build a portfolio of roles, leveraging their expertise to work with multiple clients simultaneously, which can be highly lucrative and career-enhancing.
This model emphasizes flexibility, strategic support, and cost-effectiveness, making it a promising approach for both startups seeking guidance and experienced professionals looking to diversify their careers.
Connectd, founded in 2019, has already facilitated over 25,000 connections and has raised £5.5 million. With a community of over 3,000 fractional professionals and over 3,000 startups, the platform is evolving beyond smart investor matching to offer on-demand fractional talent. The platform can identify the need for particular executive profiles, such as a fractional CMO for a product launch or a fractional CFO to lead a funding round or decrease a business's burn rate.
Fractional working can be highly lucrative for experienced professionals with high-value skillsets in areas such as financial planning, tax advisory, marketing, and strategy. Working with fractional staff enables startups and scaleups to access elite perspectives and guidance without the associated costs and long-term commitments of a senior hire.
As we move forward, the future model for work may very well be shaped by platforms like Connectd, which are redefining the way businesses and professionals collaborate, fostering growth and innovation in the startup ecosystem.
- In the context of fractional working, experienced professionals with expertise in finance, business, and technology can offer elite perspectives and guidance to startups on a part-time, cost-effective basis, without the long-term commitment of a full-time hire.
- As startups adopt fractional working, they can access top-tier talent in areas such as financial planning, tax advisory, and marketing, thus leveraging technology to remain competitive and agile in an ever-evolving business landscape.
