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 Raising
Check out: libryo.com
About 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.