Open for applications
The Angel CoFund makes equity investments of between £100,000 and £1 million in smaller businesses in the UK. It invests alongside strong syndicates of business angels to support businesses with strong growth potential.
Through these equity investments the Angel CoFund also acts as a catalyst to better practice and increased long-term capital in the UK angel market, and as a stepping stone to wider and later-stage venture capital (supported by our Enterprise Capital Funds and VC Catalyst Fund programmes).
Investment is subject to an upper limit of 49% of an investment round and 30% of the equity in a business, although investments are usually less than this.
If you are a business seeking investment, you should first secure the interest of a business angel syndicate or network, as you can’t approach this fund directly. You can find more information on business angels, syndicates and networks from the UK Business Angels Association.
If you are a business angel syndicate, you should visit the Angel CoFund website to find out more about the fund and how to secure co-investment.
Angel Cofund Performance
- Since its inception in November 2011, the Angel CoFund has enabled smaller businesses to secure
c.£280m in investment (as at end December 2018). - The fund has invested and committed £41.5m, alongside a further £238m from business angels and other investors, providing support for 82 businesses (as at end December 2018).
- Every £1 invested by the Angel CoFund has leveraged around £5 from business angel syndicates. This continued strong performance places it comfortably at the upper end of the range when benchmarked against European Venture Capital for both early stage and later stage funds.
- The portfolio companies now employ around 1,500 people in sectors such as life-sciences, clean technology, advanced materials and digital technologies.
The English and Welsh language editions of the Business Finance Guide are downloadable from the Guide’s dedicated website. This resource also contains videos and additional content about finance options, including equity finance.
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