Investors gather in Edinburgh

Angels to exchange ideas on funding

David Archangels
Sarah Hardy, David Ovens and Niki McKenzie

Business angels from across Europe will be in Edinburgh this week to exchange ideas and experiences about backing fledgling companies.

Members of the Business Angel Europe Club have been invited to Scotland to hear from LINC Scotland – the national network for business angels in Scotland.

Business angel investing has been particularly successful in Scotland where it operates as a private / public partnership, with private angel investing groups leading on investments, often being matched by public sector funding through the Scottish Investment Bank.

Around 30 delegates will attend a two-day event at the Glasshouse Hotel,  co-hosted by LINC Scotland and Archangels, the oldest of the angel investment syndicates.

David Ovens, Niki McKenzie and Sarah Hardy from Archangels will outline its approach to investing in young Scottish technology and life sciences companies.

They will tell delegates of the importance of the close working relationship with the Scottish Investment Bank and how Archangels has built its success on the “four pillars” of giving something back; supporting young Scottish businesses; making attractive investment returns; and having fun.

Other sessions over the two days of the event will include an examination of the lifecycle of an investment and a look at Scotland’s flourishing tech sector.

Mr Ovens, chief operating officer at Archangels, said: “We’re proud of what the angel investing community has achieved here in Scotland and we’re happy to share our knowledge with our colleagues from elsewhere in Europe and to learn from them.”

David Grahame, executive director of LINC Scotland, said: “We are delighted to be hosting representatives of some of the leading business angel groups in Europe at the beginning of a process which we hope will lead to increased understanding and collaboration across borders.”

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