Business angels

The following directory includes angel groups which are actively investing in Scottish companies,
or known to be looking for opportunities in Scotland. Details for sectors and regions are shown only where a group has preferences or restrictions. The companies shown as recent investees are in many cases just a sample of the group’s investments, to illustrate the types of company in which the group invests.

For more information about business angel groups, how they invest, and how to approach them,
see the article “Angels and angel groups”.


Investments in Scotland: Intelligent Point of Sale

Contact: Charlie Green

Aero-Den LP


Invests from $100k to $1m
Investments in Scotland: VERT Rotors
Sectors: Technology

Contact: Douglas Cribbes

Alida Capital International

Investments in Scotland: OncoBioPharm, MedAnnex
Sectors: Biotechnology

Contact: Hugh Griffith,
Tel: 0131 248 3660

Angel Academe London

Investments in Scotland: Clear Returns
Contact: Sarah Turner

Angel CoFund

Invests from £100k to £1m
Investments in Scotland: Snapdragon

Contact: Tim Mills, Managing Partner

Angels Den

Investments in Scotland: Nutrifiz, Freeflow Technologies

Contact: Raymond McLennan,
Tel: 0203 318 0230 ext 23

Apollo Informal Investment


Member of LINC Scotland

Investments in Scotland: Cumulus Oncology, Pekeo Tea, IbisVision

Archangel Informal Investments


Member of LINC Scotland

Invests from £50k to £2m
Investments in Scotland: Calcivis, Biocaptiva, Administrate, Optoscribe, Blackford Analysis, MGB Biopharma
Sectors: All sectors except property, retail and leisure
Regions: Scotland only - preference for Central Belt

Contact: David Ovens,
Tel: 0131 221 9876

Aurora Private Equity

Investments in Scotland: IV Horse, NovaBiotics

Contact: Bill Henderson
Tel: 0770 3474686

Barwell PLC

Investments in Scotland: MGB Biopharma, GM Innovations Limited, NovaBiotics, Fixed Phage, Bluebox Aviation Systems
Sectors: All except property, retail and financial services

Contact: Alec Mackie,
Tel: 0141 248 8814

Bradenham Partners

Gerrards Cross
Investments in Scotland: Advanced Display Solutions, Vegware, ExecSpace

Contact: Ian A Morrison,
Tel: 07711 016511

Cambridge Angels

Investments in Scotland: Stamp Free



Investments in Scotland: Sistemic (Scotland), Syntropharma, Ocutec
Sectors: Technology

Contact: Jim Reid
Tel: 01764 652162

Discovery Investment Fund


Invests from £70k to £300k
Investments in Scotland: Consolidated Craft Breweries, Cardio Precision and Ocutec

Contact: Julie Findlay, Business Development Manager
Tel: 01382 731915

EOS Technology Investment

St Andrews

Invests from £50k to £500k
Investments in Scotland: Digital Sports Arena, Alfacyte
Sectors: Science & Technology

Contact: Kevin Grainger
Tel: 0771 252 6866

Equity Gap


Member of LINC Scotland

Investments in Scotland: Trojan Energy, Sharktower, MIME Technologies, EnteroBiotix, Lending Crowd, Vector Photonics, VERT Rotors , EBar Initiatives
Sectors: All sectors except pharmaceuticals

Contact: Jock Millican, Director
Tel: 07836 355951

ESM Investments


Member of LINC Scotland

Investments in Scotland: Time For You Care, Adimo, Integrated Graphene, Chromacity
Sectors: ICT

Contact: Steven Morris, Director
Tel: 07572 445243

Gabriel Investments


Member of LINC Scotland

Invests from £60k to £120k
Investments in Scotland: Roylance Pharma, EBar Initiatives, Gibson Robotics, Soundbops, EnteroBiotix,Estendio, Novosound
Sectors: Technology pre-starts & start-ups

Contact: Gillian MacAulay,
Tel: 0141 303 8333

Grampian BioPartners


Member of LINC Scotland

Investments in Scotland: Pharmacells, NovaBiotics, Antoxis, Cytosystems
Sectors: Life sciences

Contact: Prof. Andy Porter

Green Angel Syndicate (GAS)


Member of LINC Scotland

Investments in Scotland: Global Surface Intelligence (GSi)

Contact: Nick Lyth
Tel: 07802 150053

Hamilton Portfolio

Investments in Scotland: Gemini Print, NetIDme
Sectors: All except biotechnology

Contact: Stewart Robertson
Tel: 0141 221 4400

Highland Venture Capital

Investments in Scotland: Design LED Products, Actual Analytics, Advanced Microwave Technologies, Syntropharma
Regions: Preference for Highlands

Contact: Iain Scott,
Tel: 01463 712588

Innova Partnerships

St Fillans and Edinburgh
Investments in Scotland: Relaymed, Imhanz, Biotangents, Cuillin Medical
Sectors: Life sciences

Contact: Dr Steve Howell,
Tel: 0131 202 6666

Investing Women


Member of LINC Scotland

Investments in Scotland: Cumulus Oncology

Contact: Jackie Waring,

Kelvin Capital


Member of LINC Scotland

Invests from £500k to £2m
Investments in Scotland: ProFactor Pharma, Sofant, Snappy Shopper, Novosound, QED Naval, Chromacity, Biotangents,
Sectors: Technology

Contact: John McNicol, Founder and Director
Tel: 0141 255 0850

Lancaster Capital Partners

Investments in Scotland: Taragenyx, Epipole, Curapel, i2eye Diagnostics

Contact: Alison Clarke

London & Scottish Investment Partners

London and Edinburgh

Member of LINC Scotland

Investments in Scotland: Flare Bright, Fixed Phage, Adimo, TenBio
Sectors: Technology, Engineering, Construction, Retail and Professional Services

Contact: Scott Carnegie,
Tel: 0131 226 1589

London Business Angels

Investments in Scotland: Trident Energy

Contact: Alexander Sleigh,
Tel: 020 7321 5672

Longbow Capital LLP

Investments in Scotland: Ambicare Health

Contact: Edward Beckett ,
Tel: 01603 757 509

Mint Ventures


Member of LINC Scotland

Murray Capital

Investments in Scotland: Zumo, Blackford

Contact: Sarah Copland, Office Manager
Tel: 0131 243 2100

New Wave Ventures

Investments in Scotland: miiCard

Contact: Clare Twemlow
Tel: 020 7520 9432

Par Syndicate

Investments in Scotland: Radge Media, Senient Systems, miiCard, Collectivworks
Sectors: Technology, excluding Biotech

Contact: Robert Higginson ,
Tel: 0131 556 0044

Souter Investments LLP

Edinburgh and Perth
Investments in Scotland: Alexander Dennis, Argent Energy, Filter Clear

Contact: Andy MacFie



Investments in Scotland: MGB Biopharma, Exterity, Turnbull & Scott, Blackford Analysis, Gas Sensing Solutions
Sectors: All except Property, Retail and Financial Services
Regions: Preference for East Central Scotland and the Scottish Borders.

Contact: Kathy Kinder ,
Tel: 0172 173 0749