DSW Angels planning £10m of new investment over the next 12 months

Covid-19 News | Funding | Latest News
David Smith, Ellie Boardman and Keith Benson.

DSW Angels – the business angel network focused on UK regional scale-up companies – is planning £10m of new investment over the next 12 months to help support the post-Covid recovery.

The network – which closed its largest investment at the start of the lockdown with a £1.7m funding round for One Utility Bill – has since seen an enhanced flow of new enquiries from quality businesses and has a strong pipeline of new investments.

It will also have the capacity to make larger investments following the decision by one of its funding partners – British Business Investments – to increase its rate of funding. British Business Investments, which announced a £10m commitment to be invested alongside the DSW Angels network in September 2019, will now commit up to 50% for each investment.

DSW Angels has led a total of £4m of venture capital investment into regional scale-up businesses in the last two years. Its investments include Newcastle-based event booking site Poptop UK, Warrington software firm Avanite and Manchester-based e-commerce platform Shopblocks.

David Smith, a founding partner of DSW Angels comments: “We have seen no reduction in either the flow of new scale-up opportunities or enthusiasm from our investors which is reinforced by the renewed support from British Business Investments. We intend DSW Angels to be a major player in supporting high-growth businesses as the country recovers from the lock-down.”


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