Manchester Angels launched to support early stage businesses
Founded by global technology investment bank GP Bullhound and commercial property specialists Bruntwood, Manchester Angels is a new technology and life sciences-focused angel investment network that will provide a crucial missing link in the city region’s tech ecosystem.
With a mission to back brilliant leaders, the network will connect the very best of Manchester’s startup community with experienced entrepreneurs who have the ability to mentor and the desire to invest
Applications will be accepted from multiple technology sectors and assessed on their overall potential as opposed to specific eligibility criteria, ensuring opportunities across a wide range of backgrounds are considered.
Aiming to have an initial founding group of 30 Greater Manchester based technology private investors, the group will work closely with Venture Capital funds and other institutional investors with a shared vision for the North West. These include Investor Partners such as Manchester-based Praetura Ventures ,Northern Gritstone and Octopus Venture, ecosystem Partner Silicon Valley Bank and Research Partner The University of Manchester Innovation Factory.
GP Bullhound vice president Ed Prior said “According to Tech Nation’s 2021 Report, over £13bn in investment was raised for UK technology businesses. Yet nearly 60% of that funding went to businesses based in London and the South. With levelling up high on the political agenda, it is essential we build on the work organisations such as the Manchester Tech Trust have done and leverage the success local tech entrepreneurs have had to support the aspirations of the next generation of entrepreneur to attract investment to the region ”.
Chris Oglesby, chief executive of Bruntwood commented “Bruntwood and our partners have invested over £1bn into creating a thriving city economy in Manchester and surrounding areas. Supporting Manchester Angels is an important piece of that puzzle to continue the start-up ecosystem’s trajectory.”
Manchester Angels has appointed serial technology entrepreneur David Levine to head up the network’s efforts in identifying high-potential businesses seeking early-stage funding and matching them with the right angels.
David Levine said ““Technation and Google’s May 22 report on a decade of UK Tech funding notes that investment into seed and pre-seed stage companies has dropped as a proportion of all funding from a high of 22% in 2013, to less than 4% in 2022 so far.
Manchester Angels will address this critical component of the ecosystem by providing early stage companies with access to high quality and experienced technology investors, ensuring the region continues to incubate, support and build the most exciting technology businesses of the future.
