Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Archangels invests £13.4M to fuel growth of Scotland’s early-stage businesses

by December 27, 2022
December 27, 2022
Archangels invests £13.4M to fuel growth of Scotland’s early-stage businesses

Edinburgh-based investment syndicate, Archangels, invested £13.4m during 2022 in some of Scotland’s most promising early-stage tech and life science companies.

The total investment for 2022 among 11 businesses marks a 14% increase on Archangels’ investment activity in 2021 (11.8m).

New additions to the portfolio included tech firm Earth Blox who secured £1.5m funding from Archangels to expand its global reach and further develop its no-code Earth Observation (EO) cloud-based SaaS.

Other businesses to receive follow-on funding included Integrated Graphene, Cytomos, Hearing Diagnostics, Administrate and BioCaptiva.

Co-investors on deals totalling £27.0m during 2022 included Scottish Enterprise, Par Equity, Mercia and various Scottish angel syndicates.

Archangels also generated a significant gain on the sale of portfolio company Optoscribe during the year.

The world’s longest continually running investment syndicate, Archangels this year marked its 30th anniversary with a report by the University of Glasgow’s Adam Smith Business School highlighting the value of Archangels’ activity in Scotland.

Analysis by the business school found that the £161m invested by Archangels since 1992 has generated up to £1.4 billion Gross Value Added (GVA) for the Scottish economy and directly created 3,647 high-skilled jobs.

David Ovens (pictured above), Joint Managing Director at Archangels, said: “2022 has been a big year for Archangels and our members. Thirty years of investing in and supporting Scotland’s life science and technology sectors is a milestone of which we’re all very proud. Despite ongoing volatility in the economy, we have continued to see strong demand for funding from innovative early-stage businesses with the ambition to grow and scale. While the economic outlook remains challenging for 2023, we are confident that we’ll continue to find opportunities for our members to back exciting and innovative young companies.”

Archangels aims to deliver returns for its investors while harnessing their experience and networks to fuel the success of Scotland’s entrepreneurs and innovators in technology and life sciences. The syndicate currently has around 120 members invested in a portfolio of 21 early-stage companies.

Read more:
Archangels invests £13.4M to fuel growth of Scotland’s early-stage businesses

0
FacebookTwitterGoogle +Pinterest
previous post
Price of medium sized eggs rising fastest
next post
Dire investment challenges face UK SMEs in 2023

You may also like

Exploring the Security Features of Non Gamstop Casinos:...

September 26, 2024

Getting to Know You — Dr. Amy MacIntyre,...

October 25, 2022

Influential Photographers Who Deserve Your Attention

February 27, 2023

Boardroom veteran Rupert Soames to lead scandal-hit CBI

December 6, 2023

Ex-England Footballer Emile Heskey Ordered to Pay £200k...

June 4, 2024

Influencer Overload? How to Navigate the World of...

November 26, 2024

Maximizing Your Finances with Omni-Channel Payments 

March 6, 2024

Secrets of Success: Charlie Ruddy, CEO of BeFibre...

October 4, 2023

Rishi Sunak confirms Manchester HS2 line is scrapped

October 4, 2023

Kaleb Cooper becomes a millionaire, just two years...

March 5, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Democrats project doom and gloom, not celebration, with July 4 messages

      July 5, 2025
    • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

      July 5, 2025
    • Tesla sees UK sales rebound in June as EV market accelerates

      July 5, 2025
    • Hived raises $42m to roll out electric delivery fleet across southern England

      July 5, 2025
    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 5, 2025
    • “A turning point for education”: James Caan launches bold education reform plan in House of Lords

      July 5, 2025

    Categories

    • Business (8,397)
    • Investing (2,102)
    • Politics (15,947)
    • Stocks (3,190)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved