Startup, scale-up, acquired - The Libryo Story Part 3, Raising Capital with Malcolm Gray

Malcolm Gray, co-founder of Libryo, joins Born to Build to unpack the real story behind raising capital and growing a mission-driven startup. He shares what it took to win over investors, the emotional highs and lows of the journey, and the leadership principles that guided Libryo from idea to acquisition. A must-listen for founders navigating growth, grit and purpose.Chapters(00:00) Introduction to Libryo's Journey(01:19) The Birth of Libryo and Early Conversations(02:17) Funding and Capital Raising Strategies(06:23) Transitioning from Corporate to Startup(09:17) Investing in Libryo: A Personal Journey(12:19) Early Funding Rounds and Challenges(16:42) Pitching and Securing Initial Investments(20:19) Navigating the Seed Camp Experience(25:23) The Impact of the £950,000 Seed Round(27:45) Friends and Family Investments(30:57) The £1.45 Million Seed Extension Round(34:29) The Bridge Round and Its Importance(37:58) Understanding Convertible Notes(41:13) The Emotional Journey of Exiting Libryo(46:57) Final Reflections on Capital RaisingCheck out: libryo.comAbout Born to Build:Born to Build is a podcast featuring conversations with the builders, founders, and pioneers driving change from the ground up. Each episode highlights the real stories of SME owners - how they started, what they've overcome, and what keeps them building their business. It's honest, practical business insight from those shaping their industries one bold move at a time, equipping you with the tools to build and grow YOUR business.