Archangel ploughs 50 per cent extra into novice firms

From: Evening News - Scotland | Date: January 18, 2005| Author: | Copyright information

ARCHANGEL Informal Investment, the leading Edinburgh-based private equity network, ploughed GBP 8.6 million into early-stage companies last year, a rise of almost 50 per cent on 2003.

The syndicate, which typically invests up to GBP 500,000 in early- stage Scottish firms with cash raised from a pool of business veterans, said investment in seven new companies accounted for GBP 3.9m of 2004's total - compared with the GBP 1.6m sunk into five new firms the year before.

Meanwhile, additional investment in 12 existing companies from the Archangel portfolio amounted to GBP 4.7m, against GBP 4.2m ...

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