Deal complete! We are thrilled to announce that Orb Innovation have received their funding. A huge congratulations to them.

Deal complete! We are thrilled to announce that Orb Innovation have received their funding. A huge congratulations to them.

It’s International Women’s Day! We’re celebrating the day by looking back on all the fantastic female founders and investors we have had the pleasure of working with. Over recent years we have seen a surge in female founders seeking investment, so would like to showcase one of the female led businesses that we are supporting through their due diligence at the moment.

A huge congratulations to Prox & Reverie for securing their investment!
Prox & Reverie is owned and operated by a former Disney executive and an experienced Virtual Reality creator. The company is developing a multi-purpose, multi-user mixed reality production space to enable industries across all sectors to develop their immersive capability in a Covid safe environment. The company will offer clients a unique production space and the toolkit and skills required to develop experiential design across the sectors, for example, virtual tactical training for the emergency services or virtual design facilities for the automotive industry.
Angelgroups Martin Avison said, “It has been an absolute pleasure to work with the founders and investors to secure Prox & Reverie the funding they needed to grow their business. The Multi Reality sector has significant potential for high growth. Combing this potential with the experience of the founders and their unique abilities, this company will definitely be one to watch for the future”
Alistair Maclean-Clark, Co-Founder Prox & Reverie said “It has been a pleasure working with Martin, Amber and all the team at the angelgroups. Whilst fund raising is never easy, angelgroups have made the process as efficient and co-ordinated as it could possibly have been. We would recommend them and their team to any company seeking funding at this level”.

Yesterday was our first in a series of bitesize funding events in partnership with Barclays Eagle Labs. If you missed the event and would like to catch up, just CLICK HERE. Martin Avison discussed the funding options open to SME’s including:
Our next funding event is on the 23rd of March where we will discuss The Pitch Deck; the content, what to cover and how to structure your pitch. You can register for the next event HERE.
We’re really looking forward to the next funding event and answering some more fantastic questions from passionate founders.
Female founders have made up 3 out of the 4 businesses who have pitched with us this week, so they have really led the way in this month’s events which is fantastic to see.
Over the past few years we have seen a huge surge in female led businesses seeking investment. We are also continuing to grow our female angel members, who have added an enormous amount of value to our groups.
With International Women’s Day coming up in a few weeks time we are reflecting on all the fantastic women we have funded over the years, and looking forward to supporting more female founders in their growth journeys.

Do you ever feel like you are running just to stand still? This is a common feeling amongst founders and their teams, and a recurring reason why they seek investment.
One of the most consistent items on the ‘use of funds’ slide within a pitch deck is recruitment. Expanding the team allows founders to focus their time and efforts on growing the business.
“Great things in business are never done by one person. They’re done by a team of people”, Steve Jobs.

It’s fantastic to see a business that we recently funded go on to accelerate the development of its flagship Smart-Lead technology which is set to tackle the enduring problem of equipment theft in the construction industry.
Steve Roberts designed and developed Smart-Lead in response to frequent thefts of power tools experienced by his former colleagues and employees.
Smart-Lead is tracking technology that can be retrofitted so that tools are easier to recover if stolen. It also prevents stolen equipment from being used, making it less attractive to thieves.
A huge well done to Steve and the team at Sentry SL. We look forward to following their continued success and growth.
To read the full article, click here.
Have you considered your funding options? We’re running four 30-minute bite size events which will provide an insight into the funding landscape, what is available and pitching for investment.
These events are aimed at businesses who both have a good idea of the landscape and those who are new to the world of funding. The events will be run alongside Barclays Eagle Labs Newcastle, who help entrepreneurs and ambitious businesses to innovate and scale.
The event information and links to register are as follows:
23rd February – An Introduction to Funding
At the start of the year there is always an increased appetite from angel investors to invest their funds before the end of the tax year, which allows them to make the most of the relevant tax incentives.
As a result of this, we are working hard to complete our current investment deals with that deadline in mind. This week alone we have run 7 due diligence calls and are currently supporting upwards of 10 businesses through this phase.
Last month we concluded our first deal of 2021, which we are excited to release details of in the coming weeks. Watch this space!

How long should a pitch to angel investors be?
10 minutes, that’s how long our businesses pitch for. We have a saying that ‘you are not pitching for investment, you are pitching to go to the next stage in an investment journey’. With a 10 minute pitch followed by a 10 minute Q&A, we have found this is exactly the right time for our investors to decide if they want to know more.
The purpose of a pitch is not for an investor to get out their cheque book after the times up, but to make the decision if they want to go to that next stage.

Zoom recorded that in December 2019 they had a maximum number of daily meeting participants of 10 million, in March 2020 this rose to a staggering 200 million.
Online meetings and events have allowed us all to keep going, whether that be with work or a weekly quiz night (that got old really quick!).
When looking at our events statistics for last year, we ran:
We have no doubt that our hours of preparing to move to an online solution added tremendously to Zoom’s stats, but it was important to us that not only did we move to an online solution quickly, but that we did it to a high standard.
We look forward to returning to physical events, but we’ll certainly be keeping an online version which has worked really well for our groups.
Have you considered your funding options? We’re running four 30-minute bite size events which will provide an insight into the funding landscape, what is available and pitching for investment.
These events are aimed at businesses who both have a good idea of the landscape and those who are new to the world of funding. The events will be run alongside Barclays Eagle Labs Newcastle, who help entrepreneurs and ambitious businesses to innovate and scale.
The event information and links to register are as follows:
23rd February – An Introduction to Funding