Equity Gap reaches £25m milestone following strongest year yet

Edinburgh-based angel syndicate Equity Gap has reached a £25m investment milestone following its most successful year to date.

Leveraging additional funding of over £100m for investee companies since its launch, these investments have helped create over 500 high quality jobs in Scotland, worth around £20m each year to the Scottish economy.

During 2021 Equity Gap members invested £4m across 28 funding rounds, leveraging total funding of £34m into investee companies. Key funding partners include Scottish Enterprise, SIS Ventures, Alba Equity, Archangels, Kelvin Capital, Par Equity, Foresight Group and, for the first time, the Scottish National Investment Bank.

The recent trade sale of Spoonfed to 365 Retail Markets, backed by Providence Equity Partners, delivered returns for 31 of the syndicate’s members, including seven of the original founder members.

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