{"id":460,"date":"2017-04-25T00:00:00","date_gmt":"2017-04-25T00:00:00","guid":{"rendered":"http:\/\/www.sprengthomson.com\/archangels-blow-trumpets-celebrate-quarter-century-angel-investing\/"},"modified":"2017-04-25T00:00:00","modified_gmt":"2017-04-25T00:00:00","slug":"archangels-blow-trumpets-celebrate-quarter-century-angel-investing","status":"publish","type":"post","link":"https:\/\/sprengthomson.com\/archangels-blow-trumpets-celebrate-quarter-century-angel-investing\/","title":{"rendered":"Archangels blow their trumpets to celebrate  quarter of a century of angel investing"},"content":{"rendered":"<p>Over 180 investors and entrepreneurs will gather tonight (Tuesday, 25<sup>th<\/sup> April, 2017) to celebrate a quarter of a century of early stage investing by business angel syndicate, Archangels, and will hear that the syndicate has led more than \u00a3222m of investment by Archangels and its partners in 82 Scottish companies, creating over 3,500 high value jobs since launching in 1992.<\/p>\n<p>Archangels will also disclose that total funds invested by Archangels investors themselves since 1992 breached the \u00a3100m mark (\u00a3103.5m) during 2016. A further \u00a333.4m of funding has been leveraged from Scottish Investment Bank, the investment arm of Scottish Enterprise, since Archangels\u2019 inception.<\/p>\n<p>Archangels\u2019 companies have generated an estimated \u00a31.39bn in turnover since 1992, which equates to \u00a314.34 for every \u00a31 invested. In addition, the syndicate\u2019s investment activities have generated \u00a3989m of Gross Value Add (GVA) to the Scottish economy during that time.<\/p>\n<p>Archangels was formed in 1992 by entrepreneurs, Mike Rutterford and Barry Sealey. One of their first investments was in Dunfermline-based Optos, which floated on the London Stock Exchange in 2006 and was subsequently acquired by Nikon Corporation in 2015.\u00a0 Today, Archangels has a portfolio of 22 investee companies employing more than 660 people in Scotland.<\/p>\n<p>Attendees at Archangels\u2019 annual \u201cChorus\u201d event in Edinburgh will hear that 2016 was another landmark year for the business angel syndicate. Archangels arranged \u00a314.6m (2015: 13.9m) of investment over 12 funding rounds during the year, principally in its existing portfolio of companies, but also in two new investee companies, Optoscribe and PhysioMedics. This total included arranging follow-on funding of \u00a33.6m in Edinburgh-based ZoneFox \u2013 a record investment round for Archangels and the biggest investment by any business angel syndicate in Scotland.<\/p>\n<p>Archangels investors themselves committed total investment of \u00a38.3m in 2016, with Scottish Investment Bank pledging \u00a33.4m of investment capital and \u00a33.0m from other partners.<\/p>\n<p>In 2016, Archangels returned \u00a331.5m (2015: \u00a316.0m) to investors, principally through the sale of Touch Bionics in Livingston to Icelandic prosthetic limb specialist, \u00d6ssur, and a deferred consideration relating to the sale of Dundee-based CXR Biosciences the previous year.<\/p>\n<p>Eric Young, Chairman of Archangels, said:<\/p>\n<p>\u201cThe four pillars on which Archangels was founded: to put something back; support young Scottish companies; make an investment return; and have fun; have stood the test of time well. Through our investments in companies such as Touch Bionics, producer of the world\u2019s first bionic hand, and Optos, creator of the world\u2019s first widefield eye scanner, we can truly say that we have improved lives worldwide, and that continues today, exemplified by our latest investment in PhysioMedics, for their online back pain tool.<\/p>\n<p>\u201cWe value highly the support which our investors and our key partners, particularly Scottish Investment Bank, have provided during this journey.<\/p>\n<p>In the next 25 years, we will continue to build on what we have achieved so far, to support and nurture future generations of entrepreneurs to generate value for the Scottish economy and our investors, and to create high quality jobs and improve lives.\u201d<\/p>\n<p>Professor Rob Wiltbank, Associate <em>Professor<\/em> of Strategic &amp; Entrepreneurship for the Atkinson Graduate School of Management at Willamette University, Oregon, and widely regarded as an expert in angel investing, said:<\/p>\n<p>\u201cArchangels is the longest consistently running business angel organisation in the world.\u00a0 This is something to be proud of in Scotland.\u201d<\/p>\n<p>Archangels\u2019 annual \u201cChorus\u201d event will be addressed by keynote speaker, Scottish businessman and philanthropist, Sir Brian Souter, a longstanding Archangels investor. Attendees will also hear from Archangels\u2019 founders, Barry Sealey and Mike Rutterford.\u00a0 In addition, Archangels\u2019 Chairman, Eric Young and the Archangels executive team, Sarah Hardy, Niki McKenzie and David Ovens will present a \u201cstate of the nation\u201d summary.<\/p>\n<p>The event\u2019s headline sponsor is Barclays Bank, with further support from Dickson Minto, MBM Commercial and Chiene &amp; Tait.<\/p>\n<p>Stuart Brown, Head of SME Scotland &amp; Northern Ireland at Barclays said:<\/p>\n<p>\u201cAs banking partner to some of the most disruptive and innovative businesses in Scotland and beyond, we understand entrepreneurs and how important the angel community is to helping a venture succeed. Archangels has led the way and Barclays are delighted to be part of its 25th anniversary celebrations.\u201d<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Over 180 investors and entrepreneurs will gather tonight (Tuesday, 25th April, 2017) to celebrate a quarter of a century of early stage investing by business angel syndicate, Archangels, and will hear that the syndicate has led more than \u00a3222m of investment by Archangels and its partners in 82 Scottish companies, creating over 3,500 high value jobs since launching in 1992.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":10,"featured_media":461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[4],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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