London Business Angels And Anthony Clarke Announce New £455k HMRC Approved EIS Roundtable Syndicate FundReported by i-Newswire.com on Friday, 27 April 2012 (on April 27, 2012)
|
LBA is delighted to announce that the new £455k HMRC Approved EIS Roundtable Syndicate Fund is open for business in FY 2012/13 with all cash now held by the Fund’s Registrars.
LBA is delighted to announce that the new £455k HMRC Approved EIS Roundtable Syndicate Fund is open for business in FY 2012/13 with all cash now held by the Fund’s Registrars. This Fund, being the biggest raised by LBA to date, will seek to act as a catalyst for investment through co-investment in circa 5-6 LBA companies in FY 2012/13 alongside LBA investors. Notably, the Fund is also a syndicate partner of the £50m government backed angel co-fund (http://www.angelcofund.co.uk/) giving the fund a potential investment partner in relation to all qualifying deals.
LBA’s first £300k LBA EIS Roundtable Syndicate Fund was fully invested in January 2011, making four investments as part of LBA syndicates in leading edge technologies during the previous year, spread across a range of sectors: Eykona (Medtech), Syrinix (Cleantech), Ipadio (Mobile), The Electrospinning Company (Nanotech).LBA’s second £420k fund was fully invested in April 2012, making investments into 5 companies as part of LBA syndicates in leading edge technologies during the previous year, spread across a range of sectors as below: Camstent (Medtech), Momentum Bioscience (Medtech), Phase Vision (High Value Manufacturing), Michelson Diagnostics (Medtech), Isotera (Cleantech)
Anthony Clarke, CEO OF Angel Capital Group and Managing Director of LBA comments, “Our latest LBA EIS Roundtable Fund offers companies which build angel syndicates, an opportunity to significantly increase the level of investment achieved through the LBA network. We are particularly pleased that LBA and this Fund is now a syndicate partner of the Angel Cofund which gives the LBA network further investment firepower. The LBA EIS Roundtable Syndicate Fund model has now raised £1.175m since 2010 and continues to offer LBA members a portfolio approach to angel investing thereby increasing the chances of achieving sustainable returns.”
Company Contact Information
British Business Angels Association
Jenny Tooth
100 Pall Mall
London
SW1Y 5NQ
0207 321 5675
News and Press Release Distribution From I-Newswire.com
Links:  Full news story
|
|
|
| Recent related news |
| |
PRWeb
7 hours ago | A very groovy giraffe is sure to evoke memories of the Swinging Sixties when he is displayed as part... |
PRWeb
8 hours ago | ProFundCom, the email marketing and consultancy firm for the financial services industry, is... |
Toronto Star
1 day ago | LONDON- British authorities have established that one and possibly both of the men who hacked a... |
PRWeb
1 day ago | Qorus Software to make their debut at APMP’s Bid & Proposal Con 2013 and offer attendees a... |
Proactive Investors
2 days ago | *¤ YESTERDAY IN GOLD & SILVER*
After an exciting day on Monday, trading in the Far East was very... |
| |
PRWeb
2 days ago | Student-run Alternative Investments survey reveals: Women more likely to invest in alternatives than... |
Proactive Investors
3 days ago | *¤ YESTERDAY IN GOLD & SILVER*
The gold price jumped up about five bucks right at the 6:00 p.m.... |
Business Insider
4 days ago | The six best math students at the all-boys Browning School on Manhattan's East Side were given bad... |
Zero Hedge
4 days ago | · Obama's Counsel Was Told of IRS Audit Findings Weeks Ago (WSJ)
· North Korea fires sixth missile... |
guardian.co.uk
6 days ago | The European commission's raids on petrol companies over alleged price fixing cast a poor light on... |
| |
|
|
Facebook
E-mail
Twitter
Mixx
StumbleUpon
FriendFeed