The University of Surrey’s S100 Club, the only established angel investment network in the SETsquared Partnership, announces the appointment of new Chair, Peter Hornsby. 

Skin & Tonic, a skincare and wellbeing brand founded in Hackney, London, has secured £830,000 in funding, enabling it to fulfil increased production demands and expand its operations to Manchester. Driven by GC Angels, this includes a £605,000 investment from the angel investment service alongside private investors, as well as a £225,000 loan from NPIF – FW Capital, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF). 

Halal Angels Network is among the first to penetrate the $5 trillion Halal consumer market and has teamed up FasterCapital to support Technology Startups in the field of AI, Blockchain, Robotics, IoT, Fintech.

Scottish bio-tech company, BioCaptiva, has developed a novel next generation “liquid biopsy” technology device that could revolutionise the early diagnosis and monitoring of difficult to detect cancers.  The University of Edinburgh spin-out has raised over £1m in seed funding from Edinburgh-based business angel investment syndicate, Archangels, and Scottish Enterprise, to help develop the technology.  To prepare the company for this next stage in its development, BioCaptiva has appointed Dr Frank Armstrong FRCPE as non-executive chairman and Dr Stephen Little as a non-executive director.

Advantage Business Angels has raised £580k from its members as part of a £2.5m seed round for OneBanks Ltd a disruptive Fintech newcomer exploiting Open Banking Technology.

Butter, the London based fintech platform that started life as the UK’s first Buy Now Pay Later (BNPL) travel agency, has just closed a £15.8m funding round to accelerate the rollout of its responsible open-banking based BNPL shopping app. 

A University of Nottingham spin-out which has developed a rapid test that could be a ‘game changer’ in combatting tuberculosis (TB) in livestock has secured a £2.3m investment to help bring its product to market.  The funding for PBD Biotech has come from a consortium led by fund managers Mercia and the Foresight Group, which were both investing through the Midlands Engine Investment Fund (MEIF); the University of Nottingham; the government’s Future Fund; and private investors including farmers and veterinary practices. 

Personal money app Ziglu has raised nearly £900,000 through Angel Investment Network, the world’s largest online angel investment network, as part of a £6.1m seed round. Ziglu, founded by Mark Hipperson, bridges the worlds of cash and crypto by providing safe, simple access to cryptocurrencies fully integrated with a GBP account and Mastercard debit card.

CAPSLOCK Education, a cyber-security education institute based in Manchester, has secured £540,000 in a pre-seed funding round from GC Angels, the Ufi VocTech Trust, Tynton Group, private angel investors and the UK government to reskill adults across the UK.  

Biomedical startup Adapttech has raised £2 million in a new venture capital funding round. The round was supported by existing investors including the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund;  Bionova Capital (formerly Hovione Capital), as well as new investors including ACF Investors, Wealth Club and Wren Capital.

A group of successful entrepreneurs from the Bristol area have set up a mechanism to provide seed-funding for early-stage start-up businesses in the South West.

It is a new venture for the well-established Bristol Private Equity Club (BPEC), which previously only invested in established enterprises with growth potential.

Have you thought abut what will happen to your Angel Investment portfolio when you are no longer around?  Modwenna Rees-Mogg considers this question and discusses some of the options that are available to angels in this scenario.