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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Caroline Diehl is a serial social entrepreneur in the impact media space. She is Executive Chair and Founder of the UK’s only charitable and co-operatively owned national broadcast television channel Together TV, the leading broadcaster for social change runs a national TV channel in the UK and digital platform which helps people find inspiration to do good in their lives and communities.