More than £4m has been injected into eight innovative Northern businesses thanks to the collaborative efforts of three Angel networks to bring investors and opportunities together.   

With deals spanning a large area of the Northern Powerhouse; Newcastle Angel Hub, NorthInvest and the Women Angels of the North Syndicate have worked with some of the brightest Northern businesses and entrepreneurs to secure equity investment for growth, via a series of joint pitch events. Many of the deals have also leveraged further investment via Innovate UK programmes, including the Regional Angel Investment Accelerator, which is managed across the North by Innovation SuperNetwork via the Newcastle Angel Hub and NorthInvest.  

Finland: The Finnish Business Angel Network announced its Angel Awards for 2021, recongising work of exceptional angel investors.

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, has announced a commitment of up to £15m to Science Creates Ventures (SCV) through the Regional Angels Programme. The majority of this commitment will be allocated to invest alongside SCV Fund 2, while a smaller portion of the commitment will be used for co-investments through the existing SCV EIS Fund (SCV Fund 1).

Nix and Kix, a low-calorie carbonated soft drink brand with a focus on natural, vegan ingredients, has received investment from one Henley Business Angels member, contributing towards a funding round of £1m.

Early stage businesses in North Wales are set to benefit from a new collaboration between Angels Invest Wales and business mentoring provider Camau Nesaf.

Leapfunder is a Europe-wide, online angel club which aims to disrupt the long-standing models we are used to.  We asked CEO Tienko Rasker to tell us more.

Dorset Business Angels (DBA) recently hosted their quarterly pitch event at the Bournemouth Carlton Hotel. In a ‘Dragons type Den' initiative each presenting business made their case for investment and answered questions from investors. 

Neil Cunningham, founder of MatchPoint Hospitality Group, has been appointed to the board of Archangels, the world’s longest continually running investment syndicate.

Round 4 of the Green Angel Syndicate EIS & SEIS Climate Change Fund opened on Friday 1st July and closed on 22nd September, having exceeded its minimum funding target by 50%. The round was evenly split between GAS members and non-members, and 45% of investors had invested in one or more previous rounds of the Climate Change Fund.

Archangels, the world’s longest continually running investment syndicate, has generated up to £1.4 billion Gross Value Added (GVA) for the Scottish economy from its investments in the life sciences and tech sectors.

Lisburn-based engineering company, Rock Extraction has secured £500,000 in funding to further develop the Volt 100K, an innovative rock-breaking tool offering a cleantech alternative to explosives for the global mining industry.

Ronspot has raised €1.1 million in investment funding. The news follows the recent dramatic growth in the hybrid working and space management market. This investment includes the HBAN Angel Network and Enterprise Ireland as well as being led by Dublin-based Furthr VC (formally DBIC Ventures).