Business Angels invest in latest crop of start-up hopefuls
One third of businesses backed by average of £170k each
Bay Business Angels, which was set up in 2017 to provide start-ups and new businesses with ‘Angel’ investment, has seen businesses in South Cumbria and North Lancaster raise £850,000 of investment.
In a reflection of the high quality of businesses that have pitched to the Business Angels, 33% of applicants secured an average of £170,000 investment.
One pitching event was so successful, 60% of businesses received investment offers.
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