May 23rd, 2018 by Rowanne Whatley
Today, we were lucky enough to host the Development Bank of Wales’ launch of the Angels Invest Wales platform, and its new £8 million Wales Angels Co-investment Fund. In attendance was Cabinet Secretary for Economy and Transport, Ken Skates, who congratulated the Development Bank of Wales for showcasing this fantastic opportunity for inventors. Skates welcomed his audience and fellow speakers to Tec Marina, and stated how the Angels Invest Wales platform would help connect key investors to Welsh companies that show potential for strong economic growth.
Also at the event was Jenny Tooth, CEO of Business Angels, who spoke about the importance of connecting all players in the investing ecosystem. Jenny discussed the three main challenges facing Angel Investors. These included a lack of women engaging in Angel investing, the need to support scale-up and long-term Angel investing and not enough Angel investment happening outside of London, Oxford and Cambridge. Jenny also commented on the “fantastic” and “fitting venue”.
Nelson Gray, International Angel investor and Strategist, shared his experience on being an Angel investor involved in syndicates. In light of the Development Bank of Wales’ recent announcement, Nelson said, “You’ve got all of the things in place to make this a really thriving investing community”. He also said, “I urge everybody to get involved in the syndicate structure”.
Director of Angels Invest Wales, Steve Holt, spoke of the recent Development Bank of Wales Co-Investment Fund. Steve shared his excitement of the new project and let us know that him and his team are on the lookout for more investors looking to get involved in the Angel Invest Wales platform. Steve thanked us for the opportunity to hold the event at Tec Marina, and thanked owners, Chris and Gaile Griffiths, for the use of “a wonderful venue” – a successful afternoon all round!
If you’re interested in holding your next event at Tec Marina, give us a call today on 02921 678391 or email us at firstname.lastname@example.org to find out more information.