Business angels carry on investing

Members of Oxford Investment Opportunity Network (OION) invested £3.15 million in 15 companies in the past financial year, according to the organisation.

Those investments helped secure an additional £10 million of funding from other sources, including Bank of Scotland, with which OION has been running a co-investment scheme since January 2008.

OION, which helps young technology companies find funding of between £150,000 and £2 million, enjoyed a ‘blockbuster year’ despite the economic downturn, according to director Don McLaverty.

Says McLaverty, ‘It is overwhelmingly clear that business angels have a unique role to play during this recession and are more important than ever during these difficult times.’

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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