Angel CoFund further expands Investment Committee

Leading angel investors Simon Blakey and Matthew Mead join the Angel CoFund’s Investment Committee

8th January 2015, London:
 The Angel CoFund, the £100m Government-backed fund for promising British businesses, has today announced two further appointments to its Investment Committee. Experienced angel investors Simon Blakey and Matthew Mead will be joining the existing committee of 12 investors to preside over the fund’s future investment decisions.

Simon Blakey, a leading UK business angel, has been an active, early-stage investor since 1999 and has provided funding for over 20 different businesses, several of which have already achieved multi-million pound exits. Co-investing with his brother under the umbrella of their firm, Avonmore Developments, Simon, originally an accountant by training, now heads up their angel deal negotiations and is actively involved in the management of their investments. As such, Simon brings to the Investment Committee a detailed understanding of the risks and challenges inherent with early-stage, fast growth businesses. Simon is also an Honorary Fellow of the Royal Academy of Music and board member at the Sainsbury Centre for Visual Arts.

Matthew Mead is an experienced venture and growth equity investor, with a proven track record of adding and realising value. Currently Chief Investment Officer of Nesta - the charitable foundation focused on innovation in the UK - Matthew manages the Nesta venture fund and played a major part in the creation of the Nesta Impact Investment Fund, a £25m fund focused on investing in early stage innovations that address major social challenges. Prior to his post at Nesta, Matthew was a partner at 3i, and has held posts as a non-executive board director at over 20 early stage businesses and worked with these companies through further financings, acquisitions and exits.

Tim Mills, Investment Director at the Angel CoFund, said of the appointments: “ We are delighted to announce Matthew and Simon’s appointments to the investment committee. The Angel CoFund has backed some fantastic businesses in the past two years and our Investment Committee play a key role in ensuring we find and shape investments into some of the most promising British businesses and support them through their growth. Matthew and Simon bring with them the strongest levels of knowledge and a wealth of experience in angel investing, and business building and I really look forward to working with them.”

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About the Angel CoFund

Launched in 2011, the Angel CoFund is a privately run fund that works alongside groups of business angels to invest in high growth small and medium sized businesses across the UK, directly providing funding as well as encouraging the expansion of the business angel market.

Backed by the British Business Bank and the Government’s Regional Growth Fund, the £100m Angel CoFund is able to make initial investments of between £100,000 and £1 million into businesses, alongside syndicates of business angels.

To date the fund has supported more than 52 companies (for example Gousto, Ventive, Yplan, Ebury and Micrima) providing over £22 million in direct investment alongside £86 million from business angels and other investors.