Data

Investing In Scotland Grows In 6 Months to June 2020

0 Comments

Investment by LINC (the Scottish Angel Capital Association) members increased from £7.84m (41 deals) to £15.27m (58 deals) in the first six months of 2020 compared to the same period in 2019.

In addition to the £15.27m invested in the period by LINC members, their deals attracted an additional £14.60m from private co-investors, and £11m from Public co-investment funds. So a total of £40.87m into those 58 deals.

All LINC members are Business Angels – so not Venture Funds of crowed investors.

Many of these deals were of course in the pipeline before COVID issues hit, and the majority of the investments went into existing portfolio companies (typical of a mature angel market).  It may be anticipated that the second half of the year will be more challenging for companies seeking funding, especially ‘new’ companies seeking their first external Angel funding.

(data source – LINC Scotland).

Archangel invests £10.9m in Scottish Companies

0 Comments

For 2018 Edinburgh-based angel group Archangel invested £10.9m of its own members’ cash in ten investment rounds , along with co-investment of £9.4m.

During the year, Archangels, founded in 1992, was also recognised as Lead Investment Syndicate of the Year
by the UK Business Angels Association and Investor of the Year at the inaugural Scottish Tech Startup Awards.

The year included two profitable exits, Oregon Timber Frame Limited – one of the UK’s largest independent timber frame house manufacturers, and ZoneFox – sold to Fortinet, which secures the largest enterprise, service provider and government organisations around the world.

Scottish Angels Hit Record High in 2017

0 Comments

 

 

2017 saw the value of investment deals done by members of LINC Scotland, the National Business Angel Association, reach a new record.  The members, who mostly participate through the twenty or so structured Angel groups based in Scotland, invested £40.28m ($56.89) in 87 deals, alongside £13.5m of public funding, mostly from the Angel Co-investment funds run by the Scottish Investment Bank arm of Scottish Enterprise.

The Director of LINC David Grahame commented that  “It’s very encouraging that, even with all the financial and political uncertainty of recent years, Scotland’s Angel investors have not just maintained but increased their support for emerging high potential businesses right through the economic downturn.  In fact, these 2017 figures bring the total committed by our members since 2008 to over a quarter of a billion pounds ($355m).

LINC Scotland www.lincscot.co.uk has a membership comprising both individual Angel investors and most of the Scottish based Angel groups. Details of the members can be found  here: http://lincscot.co.uk/member-directory.

LINC itself is a not-for-profit private body and has the dual purpose of representing its members in Edinburgh, London and Brussels as well as supporting the overall development of the Business Angel marketplace in Scotland.  This work is supported by a range of private sector sponsors and public sector economic development bodies such as Scottish Enterprise and the European Regional Development Fund.

Contact: info@lincscot.co.uk   or +44 (0)141 221 3321