Archangels leads on another record-breaking year
Archangels, the Edinburgh-based business angel investment syndicate, believed to be the oldest in the world, led £22.4m of investment in Scottish tech and life sciences businesses in 2018.
The highly active syndicate invested £10.9m of its own members’ cash in 10 investment rounds across the year, with co-investment of £9.4m from investment partners including Scottish Enterprise’s investment arm, Scottish Investment Bank, which, at £6.0m, was the largest co-investor. Other co-investment partners included NVM Private Equity, Maven Capital Partners, Par Equity and US-based Julz Co.
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