London Business Angels reports a record £15m of investment year in 2013

Author

Newable Ventures

13 January 2014

London Business Angels (LBA) scored a record year in 2013 with £3.5m invested into 22 SMEs by its members alongside a further £11.5m of co-investment, making it one of the most active angel communities in the U.K and indeed Europe for the period. According to a recent report by UKfunders, LBA was the most prolific angel investor network of the year in the first half of 2013 and in September 2013, LBA was awarded the investor all stars private investor network of the year award. These 22 investments were completed across a range of sectors including Cleantech, Medtech, Life Sciences and Digital Software. Notable examples of companies that received investment include; Blu Wireless Technology, a Bristol Based semi-conductor specialist; Eagle Genomics, a bio-informatics specialist and Syrinix, a provider of innovative pipeline monitoring products.

Anthony Clarke, London Business Angels CEO, comments, “Closing 22 complex syndicated transactions in a single year is an excellent achievement and my thanks to all those who helped us along the way. Syndication has become the norm at LBA and the syndication process is greatly aided by our lead angels who help to draw in various passive sources of capital and also add great value to SMEs post investment through their wide experience and contact bases. I am also delighted that LBA completed 7 co-investments through its syndicate partnership with the £100m Angel Cofund and we have recently signed an MOU with the Scottish Investment Bank with a view to co-investing alongside their funds in 2014. We look forward to building on our current achievements in 2014 and we continue to welcome any enquiries from prospective entrepreneurs and investors who would like to engage further with LBA.”

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