Investment platform reports 25% increase in membership

Investment platform NorthInvest has reported a 25% increase in membership, up from 32 to 40.

NorthInvest, a not-for-profit company, said its new Angel Hub run by NorthInvest in Platform, Leeds, in association with the UKBAA, offered Angels access to high quality co-working space to make connections with tech founders and Angels.

Over the last six months, more than 30% of NorthInvest applications have been passed to investors resulting in an uplift in investment throughout the region including into “tech for good” applications. Deal flow shows that of 165 applications, around 50 applications have been passed to investors.

NorthInvest has welcomed three new female entrepreneurs in the past two weeks and is committed to hosting female-led events during Leeds Digital Week featuring founding board director Helen Oldham and strategic advisor Sara Parker.

Founder, Professor Adam Beaumont, said:  “We are delighted with the amplification we are curating at North Invest, not only of applications for investment, but also the considerable leap in investors looking to engage and fund new tech across the North.

“This identifies the need, and the opportunity we have within our cities to place innovation at the heart of what we do, and the ability to make tech for good a reality.”

Oldham added: ” We know that creating a network of women investors, alongside our full cohort of Angels, is essential to encouraging female entrepreneurs. The national statistics show that women only make up 14.1% of the total Angel community, and we’re determined that the NorthInvest plays a key role in positively influencing this statistic for the better”

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