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24-10-2014 - - 0 comments

Envestors - the investor network that stands out from the crowd - makes it a triple as top network at Investor Allstars Awards 

Envestors, the investor network connecting high-growth companies with equity funding, has been named Private Investor Network of the Year for the third time at the Investor Allstars Awards, the 'Oscars' of the venture capital industry.

The win comes as Envestors, based in London and Yorkshire with offices in Jersey, Monaco and Dubai, celebrates its 10th year.

The triumph tops a hugely active year in which Envestors raised more than £10 million for UK companies (£21 million with co-investment) in 25 deals. This year Envestors raised £5.5 million for the electric vehicle charging network Chargemaster plc¸ winner of the UK Business Angels Association International Deal of the Year 2014 and a Tech Track 100 company.

Scott Haughton, Chief Operating Officer and co-founder of Envestors, said: "With all the talk about crowdfunding, this is a big endorsement by our peers of our expert mix of qualified corporate finance advice and preparation, experienced private investors with deep pockets and terrific businesses carefully selected by our team.  We are different from other equity funders which is why companies and investors come to us.

 

Chelverton dips into Electrobase 

Second investment in three months for Chelverton Investor Club

Chelverton Asset Management Limited ('CAM'), a specialist investor in sub-FTSE 100 equities and unquoted UK small and medium sized enterprises (SMEs), confirmed today the completion of its second transaction since the launch last year of its Investor Club proposition.  This follows its earlier investment in the Spring into Tufwell Glass Limited, a glass processing business.

Dartford-based Electrobase RP Limited has been acquired from its private shareholders for a consideration of £3.9m.  Chelverton Investor Club has become popular given the growing appetite amongst investors for more direct forms of participation.  The Club raised £2m of equity from its High Net Worth membership towards the transaction, together with an institutional investor partner which it introduced to the transaction - Chrysalis VCT PLC.  Supporting debt finance was provided by Santander

 

Virtual fitting room service Metail raises $12m of further funding

 Virtual fitting room company Metail has announced the closing of a further $12m of funding, bringing the total investment in Metail to $20m since it was founded in 2008.

The round's lead investor is TAL apparel of TAL GROUP - a global leader in garment manufacturing - whose CTO Delman Lee, joins the board.  Additional investment comes from existing investor John Gleasure, Commercial Director of Perform Group Plc. who also joins the board.

 

The investment will be used primarily to develop Metail's mobile offering, scheduled for release early next year, and to advance its user ecosystem. In addition, the funds will be used to expand the firm's overseas presence, building on its existing operations in Singapore and partnerships across the globe including South America, Asia and Europe.

The funding will also support accelerated innovation with a number of new hires to expand the existing team of 40, which already boasts seven PhDs.

Metail Founder and CEO, Tom Adeyoola, said, "This new investment will give rise to some very exciting opportunities for Metail, enabling us to expand our global presence and develop our mobile offering. More importantly, this investment validates our vision to become the Google of sizing and shape.

 

Exciting young biosciences companies will have a greater shot at commercial success thanks to a new initiative to bring fresh investors into life sciences 

Angels in MedCity, launched by MedCity, London Business Angels and Angels4LifeSciences, follows the highly successful Angels in the City model, which has nurtured around 300 new investors and helped 39 companies raise over £30m of new investment since its launch in 2011.

The one year pilot Angels in MedCity initiative devised and delivered by London Business Angels is co-funded by MedCity and the European Regional Development Fund (ERDF) as part of its Capital Accelerator Programme. CAP aims to help emerging innovative businesses in a wide range of sectors to locate new resources available in London and provide practical support that will enable them to raise investment funding and thereby to facilitate further job creation in London.

Focusing on drug therapies, digital health and medical device technologies, Angels in MedCity will bring potential investors together with life sciences experts in a programme aimed both at people who are new to investing and experienced investors who have little or no experience of the life sciences sector. 

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