What about follow-on investments?

June 24, 2019

The Angel CoFund will consider follow-on investments alongside the syndicate where there is a strong commercial case to continue supporting a given portfolio company further. In general the Angel CoFund will follow-on to the extent the partner 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.