Archangels follow-on funding addresses scale-up challenge

The role of Archangels in supporting Scottish companies to scale-up will be highlighted at the business angel investment syndicate’s annual dinner for portfolio companies and investors, Chorus 2018, this evening (Thursday 26th April).

[adbutler zone_id=’297765′]

“It is generally recognised that, here in Scotland, although we’re pretty good at encouraging and supporting start-ups, the greater challenge we face is in enabling these companies to reach the next stage in their development and reach the scale required to achieve real success,” said Eric Young, Chairman of Archangels.

Sherry Coutu C.B.E., entrepreneur, angel investor and non-executive director, will be speaking at Chorus 2018 in Edinburgh where attendees will hear that in 2017, which was a record year of investment for Archangels, of the £17.3m of investment led by the Edinburgh-based syndicate, £16.7m was in the form of follow-on funding.  Since the start of 2018, Archangels has led further funding rounds totalling £4.4.m, of which £2.4m has been in two further rounds of follow-on funding. Archangels also exited its investment in Oregon Timber Frame in March 2018.

Eric Young added: “Scaling requires more than just access to capital but also to talent and to the appropriate networks that can help to make the right connections to help young companies grow and develop into world-beaters.

“At Archangels we are working with our companies to help them scale, to innovate and to create the high quality jobs and success which can make a significant contribution to the economy of Scotland.”

Sherry Coutu said: “From my own entrepreneurial journey, I know what a difference it can make to have patient investors with deep pockets and access to great networks. Growing a technology business is hard work and the right investor can make the journey a bit easier. Archangels’ track record in helping early stage businesses to scale is very impressive.”


Our Other Titles


Logan Energy gets hydrogen on the road in multi-million pound Teesside project

EDINBURGH-based hydrogen technology specialist, Logan Energy, has been chosen as the preferred partner to supply two of the first publicly-accessible hydrogen refuelling...

Orbis Protect acquires Glasgow-based Optosafe

GLASGOW-based Optosafe has been acquired by Orbis Protect. The deal comes comes following a sustained growth in Orbis Protect...

Beattie announces senior promotion

COMMUNICATIONS agency Beattie has appointed a new managing director for Scotland and digital. In her new role, Joanne Spence...

Scotland’s opportunity to grow a new clean, sustainable economy

The idea of a net zero carbon emissions and zero waste economy isn’t as far-fetched as some may think. The key promise...

Decade of continued growth marks new record for Brodies

LEADING Scottish law firm, Brodies LLP, has continued to make progress for the year to 30 April 2020, reporting a 7% increase...