Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

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Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

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We process this data for the purposes described in our Privacy Policy, including:
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In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

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You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

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In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den

Is the General Election 2024 A Turning Point for UK Venture Capital?

As the general election on July 4th nears, the UK’s political landscape is buzzing with promises and proposals that could redefine the venture capital sector. The stakes are high, and the business community is keenly observing how these policies might reshape the economic terrain, especially for early-stage investors and startups. Let's dive into what each major party is bringing to the table. 


 Conservative Party Policies 


The Conservatives have a bold strategy to stimulate small business growth by creating investment zones aimed at invigorating local economies. Each of these eight zones is set to receive £80 million for skill development, infrastructure enhancement, and tax incentives. By promoting digital invoicing and strengthening the enforcement of the Prompt Payment Code, they aim to tackle late payments, creating a more supportive environment for startups and small businesses. The Spring budget has also earmarked £75 billion for tech startups, positioning the UK as a potential leader in technology and science. Their continued support for the Enterprise Investment Schemes and Venture Capital Trusts highlights their commitment to fostering innovation and growth.  

Prime Minister Rishi Sunak announced bold measures this morning to provide unprecedented support for the self-employed, including a historic tax cut to help them retain more of their earnings. By abolishing the main rate of self-employed National Insurance, most self-employed individuals will pay no National Insurance at all. This will benefit entrepreneurs and self-employed individuals who venture out independently to create something remarkable.


Labour Party Policies 


The Labour Party’s 'Start-Up, Scale-Up' report lays out a comprehensive plan to boost venture capital investment, aiming to spark innovation and drive economic growth. They propose legislative changes to remove barriers to investment, such as issues with accessing capital and unpaid invoices. Labour also plans to grant the British Business Bank greater independence to raise external funds, thereby improving financial access for startups. Drawing inspiration from France’s Tibi initiative, Labour intends to link pension funds with venture capital firms to fuel high-growth startups. They are also committed to addressing investment disparities affecting minority group founders by continuing to gather data and eliminate barriers. 


 Liberal Democrats Policies 


The Liberal Democrats’ 2024 manifesto is centered on stabilizing and revitalizing the UK economy. Their key strategies include tackling late payments, funding the creation of a local banking sector to support SMEs, and rebuilding relationships with the EU. These measures are designed to provide a solid foundation for economic growth and stability. 


Green Party Policies 


The Green Party is focused on sustainability, planning to invest £3 billion in grants to help businesses transition to environmentally friendly practices. They also propose reforming VAT and suspending COVID-19 repayments for small businesses, providing much-needed relief and support for sustainable development. 


Reform UK Policies 


Reform UK’s contract is aimed at making the tax environment more favourable for early-stage businesses. Their proposals include adjusting corporation tax and VAT thresholds, which could ease the financial burden on emerging companies and stimulate growth. 


The Bigger Picture 


General elections often bring a wave of economic uncertainty and potential volatility in the business landscape. However, the transformative policies proposed by these parties signal a potential new era for investors, individual businesses, and the economy as a whole. These policies could significantly enhance the financial ecosystem for early-stage businesses and elevate the UK's global standing in venture capital investment and economic growth. Yet, the actual impact of these proposed policies remains to be seen, as promises don't always translate into reality. 


Industry-specific regulations often exert a more pronounced influence than broad macroeconomic interventions. This highlights the imperative for investors to uphold necessary due diligence when looking at potential investments. Moreover, amidst the anticipation surrounding the election's impact on the UK's venture capital landscape, it's imperative to remain vigilant for emerging trends and adapt accordingly to seize promising opportunities. 


Stay tuned as we, at Angels Den, closely monitor how these political developments will impact the venture capital scene and early-stage businesses in the UK.