Myths – The fund does not follow-on?

June 24, 2019

Not true  – the Angel CoFund has made and continues to make follow-on investments and will consider proposals alongside angel syndicates where there is a strong commercial case to continue supporting a portfolio company. In general the Angel CoFund will follow-on to the extent the angel syndicate chooses to and in proportion to its existing investment.

However the Angel CoFund is not a matching fund and therefore will not simply follow-on in relation to additional funds being raised in a new investment round. All investment decisions remain subject to Investment Committee approval.