Angels Den to Double Activity in Scotland

Angel investor and speed funding group, Angels Den, an online “dating agency” is aiming to double both its presence in Scotland and the size of average deals there.

The group already has 300 members in Scotland since it decided to expand into the country a year ago. The business angel group hopes to increase this number to 500 allowing it to increase the emphasis on a more formal syndicated approach that will lead to typical deals rising from 220,000 to 500,000 according to reports. The group is looking to fill the funding gap left by the  banks and retreating venture capital firms.

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