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9th July 2020

Halal Angel Network and Delio form strategic partnership

An angel network that is among the first to penetrate the $5 trillion Halal consumer market has teamed up with UK fintech Delio to digitise the Halal investment market for angel investors across the globe.  Despite the popularity of the Halal market, no angel network has ever streamlined the investment process in the industry before. Halal Angels Network was launched to promote innovation, entrepreneurship and start-ups, and inspire investors across the world to tap into a sector that will be worth $9.71 trillion by 2025 (Reuters, 2019).


8th July 2020

Archangels leads investment in Scottish innovators during lockdown

The Edinburgh-based business angel investment syndicate, Archangels, has led investment of £3.3 million in innovative Scottish companies during the Coronavirus lockdown.  Archangels’ Q2 deals data reveals that three of its portfolio companies – Calcivis, BDD and Reactec – have received follow-on funding during the period, with £1.9m of the committed investment coming from Archangels’ syndicate members and the remaining £1.4m from Scottish Investment Bank (the investment arm of Scottish Enterprise) and from the staff and management teams at the companies themselves.

7th July 2020

Zedify raises £300,000 led by Green Angel Syndicate

Zedify, the network of first and last mile delivery operations across the UK, have recently raised over £300,000 from a group of private investors led by Green Angel Syndicate (GAS). 

The investment signals the confidence investors have placed in Zedify, and the huge market potential for efficient, consolidated first and last-mile urban deliveries. Antoine Pradayrol, who joins the board as investment director noted the pioneering work Zedify has done to demonstrate the business case for using cargo bikes in the burgeoning urban delivery market.

1st July 2020

Angel CoFund new deeptech hire Dr Olivia Nicoletti

The Angel CoFund has appointed Dr Olivia Nicoletti to the team as Senior Investment Associate. Joining from Cambridge Enterprise, where she worked on technology transfer for innovations from Cambridge University, Olivia will focus on deep tech investments for the fund.

1st July 2020

Beckley Psytech raises £3m to develop ground-breaking psychedelic medicines

Beckley Psytech, the psychedelic medicine company, has raised £3m of Series A funding to develop a pipeline of psychedelic drugs into licensed pharmaceutical medicines for treating psychiatric and neurological diseases. Investors in the round include prominent British businessmen Jim Mellon and Richard Reed, co-founder of Innocent Drinks.

The Beckley Psytech team comprises talent from the psychedelic and pharmaceutical fields. It was co-founded by world-renowned leader in psychedelic research Lady Amanda Feilding and CEO Cosmo Feilding Mellen.

26th June 2020

Archangles leads £700k funding for social distancing tech company Reactec

Reactec, the Edinburgh-based tech company that recently launched its innovative SAFE-DISTANCE device to enable social distancing among workers, has completed a further £700,000 round of fundraising for the ongoing development of its innovative personal monitoring equipment and reporting technology.

The funding round was led by leading business angel investment syndicate, Archangels, with co-funding from Scottish Investment Bank, the investment arm of Scottish Enterprise.  The funding round included £103,000 of investment from Reactec’s board, management and staff. 

22nd June 2020

Cornerstone invests in Saas platform Coordinate Sport

Cornerstone Partners has invested £170,000 growth capital investment into East Yorkshire based Coordinate Sport.

Founded in August 2016 by husband and wife team, James and Rochelle Moore, Coordinate Sport provides business tools to organisations within the sports and coaching industry.

1st June 2020

DSW Angels targets £10m investment as BBI increases funding

DSW Angels - the business angel network focused on UK regional scale-up companies - is planning  £10m of new investment over the next 12 months to help support the post-Covid recovery.

The network – which closed its largest investment at the start of the lockdown with a £1.7m funding round for One Utility Bill - has since seen an enhanced flow of new enquiries from quality businesses and has a strong pipeline of new investments.

29th May 2020

Development Bank of Wales backs X4 Software with £175,000 investment

Caerphilly based X4 Software Limited has secured follow-on investment of £175,000 from the Development Bank of Wales and the backing of business angel investors.  X4 Software trades as SourceMogul. Introduced by Angels Invest Wales, David James is the latest investor to support the business. He previously led Hudman Solutions, an award winning software development business, through two funding rounds as an investor and Managing Director before successfully selling to Advanced in 2017.

20th May 2020

Water treatment firm Industrial Phycology raises £550k from Mercia's MIPF

A company which has developed an eco-friendly water treatment system that can reduce pollution levels has raised £550,000 to help roll it out to the water industry.  Industrial Phycology (I-Phyc) has secured a second round of funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and private investors.

20th May 2020

Archangels-backed MGB Biopharma has successful outcome from Phase II clinical study

MGB Biopharma, the Glasgow-based biopharmaceutical company developing a novel class of anti-infectives, has announced the successful conclusion of its Phase II clinical study into MGB-BP-3, for the treatment of Clostridium difficile Infection (CDI).

20th May 2020

Cycle insurer Bikmo raises £1.8M to support global cycling boom

Expert cycle insurance provider Bikmo has secured its first venture capital funding of £1.8 million (Series A funding). The investment is led by Development Bank of Wales, alongside specialist global insurer Hiscox plus existing and new angel investors.  Part of the £1 million equity and loan investment by the Development Bank of Wales is enabling Bikmo to move into new premises in Flintshire. The award-winning adventure sports insurance provider Bikmo also has offices in Innsbruck, Austria and will relocate the UK head office to Flintshire as soon as Covid-19 lockdown restrictions will allow.

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