Business start-ups in the South West of England have a new opportunity to obtain angel investment in the form of Horatio Investments, the new £20m privately backed investment vehicle based in Glastonbury, Somerset.
As small business owners bed down for another winter of inactivity, discerning entrepreneurs are seizing the opportunity to expand, while their competitors are sleeping. This coupled with high-net worth investors getting very low return on their investment is a great time for business angel network, Beer & Partners, to announce the date of their biannual Investment Fair in London.
Karen Hanton, who was inspired to start the restaurant booking website toptable.co.uk in 1999 out of frustration at the sight of empty places in her London restaurant, has served up £35million after agreeing to sell to US firm OpenTable. The deal will see the Scottish entrepreneur receiving a £16million windfall for her majority stake.
Luke Johnson, the prolific and outspoken business investor, has taken a majority stake in Ego Group, a chain of Mediterranean restaurants run by James Horler, former chief executive of La Tasca.
Intellectual property (IP) has become the genie in the lamp of the 21st century business landscape; an overblown smokescreen that entrepreneurs and businesses are afraid to release in fear of idea theft.
Envestors, the London based investment company which also has offices in Manchester, Jersey & Dubai, have announced that they have been acquired by the AIM listed Braveheart Investment Group.
A new online service has launched, into the fairly crowded space, to connect investors with businesses looking for funding.
Luke Johnson, chairman of private equity firm Risk Capital Partners, which recently took a sizeable investment in leading business Angel company Beer & Partners, said that the new rate could hit angel investing at a time when it is becoming the only viable source of risk capital for start-ups.
Four London Business Angels investors actively participated in the most recent £580k round of funding for London based AudioBoo with the lead angel from the syndicate joining the Board as Chairman. Coined as the Twitter-for-audio, LBA investors now join Channel 4’s media 4iP and Imagination Technologies (supported by both Apple and Intel) in backing this early stage business.
Online customer reviews site TrustedPlaces.com has been acquired by the international directories business Yell Group Plc for an undisclosed sum just four years after it was founded.
Anyone with a good idea and adequate common sense can start a business, but establishing and growing it is another matter.
In the current climate, where money lending has all but dried up, orders are falling, and firms are trimming all the fat possible by cutting costs, the hard part is often working out how to grow your business.