HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, has announced agritech company, Hexafly has secured a total of €2.2m after closing a recent round of €1.1m. The total investment includes €900,000 in angel funding, with Enterprise Ireland, SOS Ventures, Yield Lab and Cedas Foundation making up the rest of the two rounds. It is the largest HBAN angel investment in agritech to date and will help to fund 50 new jobs over the next two years, as well as a new larger production facility. 

Startup Funding Club (SFC) has recently closed an investment into state-of-the-art eBike company Swytch Technology in an SFC-lead round of £800,000 coming from various entities as well as private investors. The funded company produces and sells eBike kits that convert existing bikes into electric power-assisted ones.

Equity Gap, Scotland’s most active business angel syndicate, is preparing for further expansionafter completing its biggest investment deals to date.

Superfood Bakery, a company that makes delicious gluten-free dairy-free baking mixes and snacks sold at over 100 retailers, have closed their £240k round that includes investment from one member of Henley Business Angels.

Superfood Bakery sell at several prominent chains, including selected Boots, Ocado, Selfridges, Planet Organic, Revital and Gousto. The company’s goal is to help consumers improve their food habits by producing delicious, naturally gluten-free, nutritionally superior and free from refined sugar alternatives to the traditional baked goods.

Lein Applied Diagnostics, a company that specialises in innovative and precise optical technology, have closed their latest funding round, receiving investment from two members of Henley Business Angels. This is the second time that Lein have gone through Henley Business Angels for funding, having previously raised a total of £440,000 back in 2017.

Archangels, the Edinburgh-based business angel investment syndicate, believed to be the oldest in the world, led a record breaking £22.4m of investment in Scottish tech and life sciences businesses in 2018.

HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, 

Green Angel Syndicate (GAS) is delighted to announce its latest investment in state-of-the-art e-bike company Swytch Technology. GAS is the largest single contributor in a round that includes investments from the Startup Funding Club, Angels Den and the London Co-Investment Fund, with a total investment of £795,000, valuing the company at over £2.5 Million.

E-bike demand is soaring with over 1.67m unit sales of electronically power-assisted cycles (EPAC) in Europe in 2016, a rise of 1,700% in just ten years. Swytch is now targeting the EU which is 15-20 times larger than its home UK market, and the USA which has seen explosive growth of up to 70% in volumes each year for the last three years.

Sigmavision, which has developed an innovative tool to check the safety of vehicle tyres, has secured £1m funding to help roll it out to the global automotive aftersales market.

Dow Schofield Watts director David Smith gives his views on how to create a successful portfolio of angel investments.

London based Pinga, earmarked the ‘Uber for everyday tasks’ expanded to East London earlier this month.

Dorset Business Angels (DBA) have been reflecting on their raising and facilitating of investments in excess of £2.5 million since the organisation’s formation in 2013.  Its vision has always been to turn Dorset into one of the UK’s best regions for setting up high growth and start-up businesses by providing quality, private equity investment opportunities to local high net worth (HNW) and sophisticated investors (SI).

The DBA network prides itself on its diverse mix of Angels, many of whom are entrepreneurs who are running or have exited from highly successful businesses and are now looking to help, support and invest in upcoming local talent.