The UK Business Angels Association (‘UKBAA’), the trade body representing over 15,000 angel investors and 180 organisations in the early-stage investment market, has launched the UKBAA DealShare Platform.
The DealShare Platform, which is powered by JustInvesting, is the first of its type to allow private investors, angel investment organisations and early-stage venture capital investors from across the UK to interact and collaborate online.
The platform allows investors to showcase investment-ready deals, share latest opportunities and interact with potential co-investors.
The platform makes use of pioneering investment technology to provide a more efficient, technology-enabled, compliant environment to connect investors – supporting UKBAA’s mission to be the hub for the UK’s angel investment market, which is currently worth £1.5bn annually (based on EIS figures).
The JustInvesting technology is also to be used to provide the UKBAA with valuable intelligence and data on the UK angel market.
UKBAA CEO Jenny Tooth warned the current angel and early-stage investment market in the UK “remains fragmented and geographically patchy”.
“With over 60% of the investment capacity focused on London and the South East,” she continued. “JustInvesting offers a strong technology foundation and compliant framework for UKBAA to establish a connected entrepreneurial finance value chain for the UK.
“The UKBAA DealShare Platform offers an opportunity to build new and dynamic co-investment relationships across regional boundaries to ensure entrepreneurs can access the finance they need to grow their business. The aim is to provide a connected pathway for finance, backing the UK’s entrepreneurs from start-up to scale-up.”
Bob Wigley, chair of JustInvesting and ex-Member Board of Bank of England, added: “Angel investment activity in the UK market is a key driver for the economy and increasingly important in supporting innovation.
“We are delighted that UKBAA, as the leading player in the sector, has chosen JustInvesting to support their strategy to bring efficiencies and connectivity to this market. Partnering with UKBAA is the ideal way to employ our technology platform to turbocharge the connection of SMEs who need growth capital with angels and other investors who can provide it”.