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September 6, 2013 09:23 pm GMT
UK startups raising financing have a new route to funds in the shape of a government-backed fund which can supercharge an Angel round with extra funds. The Angel CoFund is a UK government-backed 100m fund able to make initial investments of between 100,000 to 1 million into businesses, alongside syndicates of business angels. Launched in November 2011, it was an early backer of Yplan, the events app which this year raised $12 million, PlayJam (a games maker for smart TVs). The fund started out investing in just some parts of the UK, but now it works nationwide. And It's now had its first exit in its short, two year history.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MFk75Un_u9o/
Now UK Nationwide, The 100M Angel CoFund Is Able To Super-Charge Angel Syndicates
UK startups raising financing have a new route to funds in the shape of a government-backed fund which can supercharge an Angel round with extra funds. The Angel CoFund is a UK government-backed 100m fund able to make initial investments of between 100,000 to 1 million into businesses, alongside syndicates of business angels. Launched in November 2011, it was an early backer of Yplan, the events app which this year raised $12 million, PlayJam (a games maker for smart TVs). The fund started out investing in just some parts of the UK, but now it works nationwide. And It's now had its first exit in its short, two year history.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MFk75Un_u9o/
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