About the Fund
What is it ?
The North East Angel Fund is a specialist fund investing in new and established small companies with growth potential in the North East of England.
With £7.5 million capital it is one of a suite of funds established by North East Finance and forms part of the £125m Finance for Business funds in the region.
The Fund will typically invest between £50,000 and £150,000 in any one funding round. It can invest initially on its own but seeks to involve private investors whenever appropriate.
An average funding round could be £300,000 where the Angel Fund invests £100,000 alongside business angel and or other venture capital institutions.
The Fund also made smaller initial investments to pump-prime new-start and spin-out type business propositions where it sees the potential to help them on to further finance.
The Fund operates as a normal venture capital fund, with investment terms to match. It does also have a mission to stimulate Business Angel activity in the North East region and works with business angels in the North East and beyond.
For more details contact us at:
Tel: 0191 230 6370