The £100m Angel CoFund launched in November 2011 with the dual objectives of supporting promising businesses and helping to develop the UK business angel market.
The fund makes initial investments of between £100K and £1M, alongside syndicates of business angels in order to support high potential businesses and give them the capital they need to develop and propel growth.
Since launch the fund has invested in excess of £12M, alongside a further £50M from business angels and other investors, providing support for nearly 40 companies. In 2013 the fund was increased in size to £100M, in order to meet demand for investment from both high potential businesses and co-investors.
The fund invests across the UK and will consider proposals for businesses at all stages of development and in most sectors, provided they qualify as an SME. The critical criterion in securing investment from the CoFund is the presence of a strong group or syndicate of private angel investors who are looking to make a good commercial investment.
If you represent a business, or are looking to invest in one, more information on what makes a business angel syndicate and other investment criteria can be found under the “Looking for Investment” link on the right.
It should be noted that the fund is not open to direct approaches from individual businesses, so if you are looking for investment you should first secure the interest of a business angel syndicate or network.
More information on how to find business angels, syndicates and networks can be found at the UK Business Angels Association.
The CoFund is supported with investment from the British Business Bank.