Minerva Business Angels Lead £750,000 investment in Expandly
Investors in this round: Minerva Business Angels
Congratulations to the Minerva Business Angel Elizabeth Gooch MBE, who at the bequest of Minerva Business Angels stepped in as our lead investor to support a recent raise by Expandly. It was a tough time to manage a raise during lockdown, but together with our angels and Elizabeth’s perseverance, she facilitated a raise of £750,000 and garnished further support from an existing VC investor, Mercia Asset Management PLC. £500,000 originated from angel investors.
It has helped put Expandly on the path to a bright future. This is yet another example of the value to be added and the business support through the Minerva Business Angels network, part of the University of Warwick Science Park. We believe the value and experience Elizabeth can bring to Expandly is phenomenal.