EQUITY GAP, the Scottish angel investment syndicate, said it is primed for further expansion after undertaking 18 deals which saw it add a raft of new companies to its portfolio last year.
It said it transacted a record six deals worth more than £1 million.
Its activity leveraged a total investment into the portfolio of £17.5m for the year, it said.
Read more: Edinburgh oil firm eyes growth opportunities around world
Deals included six with new companies to its portfolio and 12 follow-on funding rounds for existing clients with a £2.8m round for Shotscope concluding the year.
Jock Millican, director of Equity Gap and also chairman of the LINC Scotland angel capital association, above left, said: “What’s most exciting for me is that we’ve continued to back start-up companies, with other investors introducing us to opportunities throughout a range of sectors.”
Equity Gap invested £5m last year, taking the total amount invested in its portfolio since it was founded in 2010 to £12.5m.
It gained a further 40 investors during 2018, taking its total pool of active business angels to 160.
Fraser Lusty, investment director at Equity Gap, above right, said it plans further links with venture markets: “Expanding our team will allow us to look at further opportunities in the rest of the UK and to increase our links with other stakeholders and potential acquisition partners.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article