Introducing GC Angels
The Growth Company’s two Angel services, Co-Angel Investment Service and North West Business Angels have recently merged creating a more cohesive offer, enabling increased access to early stage equity funding. The service now known as GC Angels, supports businesses seeking access to angel investment, ranging from £25,000 up to £2m.
Developed by GC as the next evolution of its successful Co Angel Investment Service, GC Angels forms part of the GM Combined Authority's response to supporting the early stage investment market, and integrates with the range of wider GC business finance and business support services. It will incorporate the network offer (NWBA); the fee-bearing advisory service (Co Angel) alongside the new GM Co-Investment Fund, providing an innovative, single solution equity funding service.
GM Co Investment Fund
The new GM Co Investment Fund is designed specifically to attract and increase the amount of risk capital available to GM’s high growth, technology and innovation businesses to scale sources of risk capital, and build on an established pipeline of investment opportunities coming out of the GM innovation and science base, supported and developed by Co Angel.
The Co Investment Fund will invest up to £150k of its own capital and leverage co investment from Angels and approved investment Partners, on a deal by deal basis, in funding rounds of between £200k and £2 million with the intention to deliver up to £15 million of aggregated investment into GM over the next three years.
The GM Combined Authority has endorsed a business support programme which includes funding dedicated to an expanded Angel investment service.