30th March 2020
Marion Surgical, which works with surgeons from around the globe to build a next generation suite of surgical simulators through virtual reality, has received a £280,000 investment from GC Angels, part of the Growth Company and an angel investor, alongside grant funding from Innovate UK, following an introduction from MIDAS, Manchester’s Inward Investment Agency.
The Canadian company enables surgeons to learn, collaborate, practice and share procedures in a realistic, safe, cloud-hosted environment through virtual reality. The company has recently set up a UK entity based at The Landing in MediaCityUK, Salford and has plans to relocate some of the Canadian team to the region as well as hiring locally.
27th March 2020
The Link App - software designed to facilitate communication between law firms and their clients - has received significant investment from GC Angels as part of a larger funding round to accelerate growth and expand globally. The Manchester-based business was set up by qualified solicitor Lauren Riley, who noticed that clients were looking for faster responses from lawyers, more clarity on case progress and an overall better customer service experience.
17th March 2020
DSW Angels, the business angel network, is celebrating a milestone after receiving its 1,000th application for funding within two years of its launch.
The business, which was started in the North but expanded to other regions in recent months, has also become one of the largest in the UK with over 100 investors. Last year it was selected as the first partner on the British Business Investments’ £100 million Regional Angels Programme.
13th March 2020
Green Angel Syndicate has invested in The Scottish Bee Company, which is leading the way in the exploration of newly discovered properties of Heather Honey. Its health-giving ingredients are now understood to be the rival of much-vaunted Manuka Honey from New Zealand. For most of its existence, there has been almost no demand for Manuka Honey, but the discovery of its health benefits caused its sales and its price to sky-rocket internationally. Heather Honey has claims to be the rival if not superior to Manuka honey in this respect.
9th March 2020
246 angel investors shared a major payday this year with the €363 million sale of Irish chip-maker Decawave to US Apple supplier Qorvo.
26th February 2020
Manchester-based entertainment brand Vistavenus, has received its first angel investment of £200,000 from renowned businessman David Walter, giving Vistavenus a pre-market valuation of over £4 million.
25th February 2020
In February 2020 Henley Business Angels hit the landmark of over £1 million invested by its members and guests.
Since first being established in October 2016, Henley Business Angels has received applications from 179 companies, of which 64 have presented to members over 13 investment rounds. A total of 19 companies have received investment from HBA members and guests, with 10 of those companies resubmitting for more than one round, towards a total of £1.1m.
24th February 2020
The exit plan needs to be part of the decision whether to invest. That’s the advice for business angels looking to invest in start-up and early stage businesses. New research identifies that the average return of a pro-active exit is more than twice as high as those achieved by exits that occur opportunistically.
In one of the first academic studies to ask ‘how do exits happen?’ researchers from University of Glasgow Adam Smith Business School, University of East Anglia and University of Edinburgh Management School, highlight best practice that can be adopted by the business angel community.
20th February 2020
Process Vision, a leading business in preventing pipeline contamination and pipeline failures in the oil and gas industries, has received investment from three members of the Henley Business Angels (HBA), contributing towards a total funding round of £383k.
18th February 2020
Leading marine and automotive insurtech Concirrus has announced that it has closed a $20 million Series B funding round led by AlbionVC. The funding also includes participation from current investors IQ Capital, EOS Venture Partners and several angel investors. The company has developed a behavioural-based underwriting platform called Quest which delivers portfolio management and predictive analytics using the latest advancements in big data aggregation, AI and machine learning. Adoption of the platform is changing the future of risk selection, pricing and claims throughout the value chain.
18th February 2020
Online sales are driving rapid growth at a Bristol-based father and son beachwear business. Tom & Teddy, a beachwear range offering matching attire for fathers and sons, was the brainchild of husband and wife team Jelle de Jong and Michelle L’Huillier.
12th February 2020
The Angel CoFund (ACF) has made two appointments to the team and board. Experienced investor and former Chairman of the Angel CoFund, George Whitehead has moved into the position of Partner. Alliott Cole, the current CEO of Octopus Ventures, will also be joining the fund as Non-Exec Director.