The new Investment Director for GC Angels has joined the firm from London. GC Angels, the angel investment arm of the Growth Company, offers support for businesses seeking funding from £25,000 to £2m.
Damian Mohammed left London where he worked with High Net Worth Individuals (HNWIs) looking to invest in UK businesses.
In his new role as Investment Director of GC Angels, Damian aims to increase investment into North West based SMEs from the rest of the UK and to attract Foreign Direct Investment (FDI) from countries such as India, China and the Middle East. Damian will also be growing the angel network and identifying companies in the region that GC Angels can use their own funds to co-invest in.
Damian said: “Having worked with start-ups and funding bodies for many years, I’ve seen first-hand the London-centric focus of much angel investment. The early stage investment market in the South is now fast becoming saturated so there has never been a better time for investors to look to Manchester and the North for exciting new businesses to invest in. The busy market in London has also led to some inflated valuations so investors can also get more ‘bang for their buck’ in the North.
“GC Angels is the main source of co-ordinated Angel activity in the North West and I’m delighted to be joining the team to connect ambitious entrepreneurs here with investors, both locally and globally. I’m also keen to convince founders from the North who may have created and based their companies elsewhere to return to their roots, access the support that is available now and start creating jobs on home turf. There’s certainly plenty of talent here, and great investment opportunities when they need it.”
Darren Gowling, Senior Investment Director at GC Angels, said: “With the majority of angel deals still being done in the South East, we need to make local businesses more attractive to high worth individuals looking to invest their money, time and expertise.
“Our goal is to ensure that we are able to meet the huge demand in the North West for investor support in the sectors that are driving the growth of the regional and national economy – from digital and fintech businesses to life sciences start-ups.”