Angel CoFund

angelcofundlogo

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.

 

The video below explains how the Angel CoFund works in more detail

Angel Cofund Performance

  • Since its inception in November 2011, the Angel CoFund has enabled smaller businesses to secure £172m in investment (as at end Feb 2017).
  • The fund has invested and committed over £33m, alongside a further £157m from business angels and other investors, providing support for 71 businesses (as at end Feb 2017).
  • Every £1 invested by the Angel CoFund has leveraged around £4 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 more than 1,100 people in sectors such as life-sciences, clean technology, advanced materials and digital technologies.

The business finance guide - English version - guide to finance options The business finance guide - Welsh version - guide to finance options
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.

Featured case studies