Rivers Capital Partners has been appointed as the North East’s representative for London-based online investment platform, Angels Den.
Making funding simple, the platform supports early-stage companies that could potentially become the next big thing. What makes Angels Den different is that they ensure a lead investor is on board before they open the funding to their wider network of investors.
Proud supporters of the region’s start-ups, Rivers will act on Angel Den’s behalf to introduce clients to the investment facilities offered by this innovative platform. As a venture capital investment business, well established in the North East, Rivers has already invested in lots of businesses through the Finance for Business North East Angel Fund facilitating around £18m of equity deals.
Through this new collaboration with Angels Den Rivers now has the ability to support further investment activity to the growing number of start-ups and established SMEs, helping them secure the finance they need to thrive within the region. Now open for applications, the Rivers investment team is already speaking to businesses about accessing capital via this network.
Looking ahead Rivers will announce this new relationship to the North East business community through a collaborative launch event with Angels Den inviting Founder, Bill Morrow to discuss the funding landscape for early stage ventures.
Following a launch event Rivers will deliver a suite of seminars later this year to educate local entrepreneurs on investor readiness, promoting available sources of alternative funding and help businesses to identify and source investment.
Bill Morrow, Founder at Angels Den said, “Angels Den had learned many lessons in its 10 years, the biggest of which is that if you just passively invest capital into deals without mentorship and contacts then you will probably lose most of your money.
“We are proud to enter into this agreement with Rivers as they are one of the few players in the UK market who understand this. We are proud that over 92% of all the deals we have funded in our ten years are still going, we believe this is what the ecosystem truly needs and also delivers above average returns to investors.”
Jonathan Gold, Managing Director at Rivers Capital said, “Bill has built an amazing investor network and we are proud to be able to embed this in the North East. A unique opportunity for investors and entrepreneurs alike.”