The Angel CoFund is now 5 years old, how has it performed?

The Angel CoFund, a London, UK-based venture capital fund launched with an initial Government-backed funding of £50m has announced its main results culminating with the celebration of its fifth birthday.

With its mandate remaining to back the best UK-based high potential and high growth early stage companies and to partner with business angels via co-investment, the fund has hit several milestones, including:

  • more than £33m invested which leveraged £175m of co-investments from angels and angel networks
  • 71 companies funded
  • Four successful exits
  • Three IPOs
  • And an ROI of 3x on average

Set up as a privately managed and commercially-focused institution investing public capital, provided by the British Business Bank, the Department of Business, Energy and Industrial Strategy and the Government’s Regional Growth Fund, the Angel CoFund is able to make initial investments of between £100k and £1m into high growth tech businesses alongside angels and other venture capital funds.

Prominent portfolio businesses include Gousto, Ebury, Hopster and Creo Medical.

With each successful exit, the Angel CoFund has recycled profits back into new companies, allowing it to keep investing, both in new ventures and its existing portfolio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.