Another boost for business in an old bedroom (From Hereford Times)

Another boost for business in an old bedroom

10:03am Thursday 11th June 2009 in

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THE booming Leominster-based “bedroom business” boosting investment opportunities around the world has done its biggest deal yet.

Growthwire, which featured in the Hereford Times last month, can confirm a link up with The Australian, Australia’s number one national newspaper, which is now running Growthwire’s ticker-tape – a rolling display of stock prices – on its business website.

Growthwire founder and CEO David Rose says the deal delivers a breakthrough for capital-starved growth companies by pushing the total exposure for their capital raising to potential investors through the one million threshold. It also strengthens Growthwire’s hold on the Asia-Pacific markets.

Early-stage investment deals are currently posted to Growthwire’s Leominster base – a converted bedroom at David’s home – from Australia, China, Malaysia, South America, UK, USA, and across Europe.

David said that The Australian’s “far sighted” decision to include the ticker tape as integral to the paper’s content has gone further in bringing Growthwire to the wider attention of the early-stage investment community around the world.

“Contrary to perceived wisdom, the motivation for early-stage investors is not so much locality but capital gain, and we have seen contacts being made from opposite sides of the planet on deal values as little as £100,000,” he said.

Growthwire was set up around a year ago as an online market intelligence service making it easy for investors to identify deals. It can now count on 120 advisors in 14 different countries.

The Australian is the first mainstream medium to carry the Growthwire ticker-tape.