Angels Preferred to Vatican VCs

Shamus Husheer a nuclear chemist seeking investment for a sensor that tracks body temperature, potentially allowing women to find out when they might get pregnant has managed to raise the $2 million from UK business angels. Bizarrely he turned down investment from venture capitalists from the Vatican who saw it more as a birth control method.

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Mumbai Business Angels Aim High

Two Mumbai Business angels have set up a fund with an ambitious $20m target.