According to the GDC’s Last Mile Distribution: State of the sector report, last mile distributors (LMDs) have been surprisingly successful in accessing external financial support, given their small size. In 2019 86% of surveyed LMDs had raised grant funding, 69% had raised debt funding, and 41% had raised equity funding; while 28% had raised all three types of capital. However, most equity and debt has come from family, friends, angel investors, crowdfunders, or founders themselves. The kind of longer-term, larger-scale commercial financing needed for growth-stage companies is also not widely available.
Access to finance is consistently cited as GDC members’ number one priority and top challenge. Before COVID-19, 94% of GDC members were looking for additional financial support and that need has stayed largely consistent during the pandemic. Learn more about our members’ finance requirements and the COVID-specific opportunities available in our ‘Fundraising in the face of COVID-19’ webinar.
Below are the donors, investors and lenders who have provided various forms of finance to GDC members. If you know of others, please let us know!