You don’t apply to the Angel Co Fund directly. If you are in discussions with angel investors, they can apply and the Co Fund will invest alongside them, between 30% and (rarely) 50% of the funding round. So they can help bridge the gap between what a small group of angels is prepared to invest and the funding the business needs. The angel investors will need to identify a lead angel, who can present the deal to their investment committee.
Example companies
Hopster
Hopster helps kids learn through the shows they love, striking the balance between learning and fun. Since launching, the platform has seen exceptional growth and is now available in over 100 countries worldwide, as well as making its debut on Apple TV last year.
Why they invested
‘It’s no secret that technology is the bridge between education and entertainment for the youngest generation, and as such we look forward to continuing to work with Hopster as the team builds on the momentum we’ve seen from them in the past five months.’
Concepta
Concepta is a women’s health diagnostic company, which will develop and market a novel diagnostic device for the simple and accurate testing of fertility, pregnancy and early stage healthy pregnancy monitoring.
Why they invested
Tim Mills “At the Angel CoFund we seek to support great and innovative British businesses, and Concepta certainly hits that note. We have been particularly impressed by the knowledge and experience of the Concepta team. The expertise Ian Gilham and David Evans bring to the table is invaluable and will be a real asset to Concepta.”
UpMySport
An online marketplace to help people meet their perfect sports instructor.
Why they invested
Tim Mills “Their platform fits a real need in the market – both in terms of digitising the instructor-led activity market, but also in terms of enabling people to get more involved in sport and achieve the active lifestyle they want on the go.”