Archangels reveals investment of £12.4 million so far this year

Edinburgh-based investment group Archangels revealed it has led £12.4m worth of investments in Scottish tech and life science companies during the first half of 2021.

The group’s figures were £2.9m higher than they were last year, when it invested £9.5m in the first half.

Archangels invested £7.3m during the first six months of 2021. It had a co-investment of £3.1m from Scottish Enterprise and £2m from a range of other co-investors.

During the period, Archangels invested in one new business and provided follow-on growth capital to seven existing portfolio companies.

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