'We want to give good people with good ideas the chance to create successful new businesses.'
The Cambridge Angels are not a fund or consortium, but rather a group of successful software, internet, technology and biotechology entrepreneurs who have chosen to work together to recycle some of their returns, and share the benefit of their experience with a new generation of entrepreneurs.
They have close links to the University of Cambridge, with many members having studied there, as well as a global network of contacts in various fields of expertise as a consequence of having built numerous companies that continue to operate successfully on a global basis.
What does Cambridge Angels look for?
Cambridge Angels invests in solutions that address major problems for significantly large target markets (i.e. a market size of £100m+) and will individually invest anywhere from £25,000 up to several hundred thousand pounds. Securing a few Cambridge Angels in a singular round can mean a total raise exceeding £1m.
Cambridge Angels looks for teams of high-quality entrepreneurs with a track record of leadership and performance – either in the company’s specific industry or in prior entrepreneurial ventures.
To be considered for funding by the Cambridge Angels, the first step is to ensure your company meets the following simple criteria:
- You are based in the greater Cambridgeshire area, the 'M11 Corridor' or the greater London area
- Your business is hi-tech, biotech or cleantech