March 9, 2020 @ 11:14 by Richard Dawson
Businesses based in Newcastle are set to benefit from a new monthly event where they can pitch to a number of angel investors for funding to grow their companies.
angelgroups-Newcastle is a new initiative that will provide opportunities for high-growth businesses to secure angel investment, mentoring and support.
The angelgroups team is looking for businesses from any sector and at any stage of their development.
An online platform managed by angelgroups provides an opportunity for businesses to showcase their plans, while the monthly pitching events offer a chance to secure vital funding.
Martin Avison, founder of angelgroups, said: “We’re delighted to be bringing this opportunity to Newcastle. This has consistently been a city of pioneering ideas ‐ now it’s time angel investors heard some of them.
“Receiving introductions to angel investors can make a significant impact on a business and not just because of the investment. This really is a great opportunity for any North-East-based, high-growth business.”
The pitching sessions will be run in conjunction with local partners Ward Hadaway, Ryecroft Glenton (RG) and Barclays Banks.
High-growth SMEs looking at funding opportunities that will allow them to meet their growth aspirations are invited to apply online at www.angelgroups.co.uk
Carl Swansbury, corporate finance partner at RG, said: “RG are delighted to be partnering with angelgroups, Ward Hadaway and Barclays to help high growth, ambitious businesses in the North East secure the investment they need to grow and prosper.”
James Nightingale, partner at Ward Hadaway, added: “The North East has a long history of high growth businesses successfully scaling at pace and we’re delighted to be able to support angelgroups with its launch in the North East region.
There is no doubt that there are amazing opportunities here to align high growth businesses with investors who have an experienced track record of helping businesses flourish.
“Having seen Martin and his angelgroups team deliver success outside the region, we are sure that together with our partners, it will prove an excellent option for both high-growth business and investors seeking opportunities in the region.”