The calendar year 2017 saw the value of investment deals done by members of LINC Scotland, reach a new record.
The members, who mostly participate through twenty or so structured angel groups or syndicates, invested £40.28m in 87 deals, alongside £13.5m of public funding, mostly from the Scottish Investment Bank arm of Scottish Enterprise.
Commented LINC Director David Grahame, “It’s very encouraging that, even with all the financial and political uncertainty of recent years, Scotland’s angel investors have maintained and increased their support for emerging high potential businesses right through the economic downturn. In fact, these 2017 figures bring the total committed by our members since 2008 to over a quarter of a billion pounds.”
LINC Scotland is the national association for business angels in Scotland with a membership comprising both individual investors and most of the well-known angel groups or syndicates. It is a not-for-profit private body with the dual purpose of representing its members in Edinburgh, London and Brussels as well as encouraging the overall development of the business angel marketplace in Scotland. This work is supported by a range of private sector sponsors and public sector economic development bodies such as Scottish Enterprise and the European Regional Development Fund.