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.

2) Who will be the controller of your data?

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.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

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.

5) What are your rights to your data?

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).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

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

Q1 Overview of the Venture Capital Ecosystem

As we get ready to dive into the summer months, here is a quick overview of investment activity in the UK venture capital ecosystem across Q1:

Investment Activity Overview

Venture capital investment in UK companies fell in Q1 of 2024, with UK start-ups raising $3.9 billion in Q1 2024, down from the $4.8 billion raised in the previous quarter. Making it the lowest level recorded since the second quarter of 2020.

However, globally the UK remains the number one destination in Europe for start-up investment. With UK start-ups raising almost as much as their German and French peers combined in Q1 2024 ($2.3B and $1.7B respectively). The UK also remains a key global player in the venture capital ecosystem coming in third globally, behind just the US and China, and ahead of India. The UK’s global appeal is evident with more than half of UK venture capital investment coming from overseas investors, confirming the UK status as a world-class destination for tech investment. 

The Fastest Growing UK hubs in 2024

Whilst London remains the number one city in the UK (and Europe) by venture capital investment raised in 2024, funding continues to be distributed to innovation hubs across the country. Edinburgh (406%), Brighton (209%) and Cambridgeshire (59%) have shown the most growth this year compared to 2023. 

The Return of FinTech

After the climate tech sector secured the most investment in 2023 accounting for nearly a third of all investment raised. The FinTech sector regained the top spot in Q1 of 2024, with UK fintech companies raising $1.4bn across 73 rounds. The second-best funded industry was enterprise software, which attracted $713.9m in funding. Additionally, quantum computing and semiconductors were among the top-funded UK frontier tech segments raising $314.7m and $300m respectively.

Increased Importance on Angel Investors

Angel investments are playing a crucial role, now more than ever, in nurturing start-ups. With tax incentives like SEIS and EIS providing a safety net for investors, the angel-investment sector is growing. These schemes, although UK-based, are extending their benefits to European businesses with a presence in the UK. Despite current challenges, the angel investment landscape remains robust, offering opportunities for start-ups to secure crucial early-stage funding.

Return of Megarounds

Across Europe there was forty-two equity, debt and grant rounds excedding $100m in Q1, making it the busiest quarter for megarounds since Q2 2022 and a huge increase on the 17 megarounds recorded in the same period last year. 'Of these megarounds four were London-based companies, fintechs Flagstone and Monzo and data centre providers Deep Green and Kao Data.

All in all with experts predicting that 2024 would be the UK's 'recovery year' for start-ups and venture capital funding, data from Q1 reflects a relatively busy start to the year with venture capital investment in the UK stabilising following the sharp global reset in the second half of 2022.

Written by Aaron Gutteridge, Investment Associate at Angels Den, Europe and UK’s largest angel-led finance platform helping early stage companies and SMEs get easy access to growth capital.