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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
cl@angelsden.com

HMRC Published EIS/SEIS Fund Raising Statistics

SEIS EIS statistics Angels Den

HM Revenue & Customs (HMRC) provides insightful information on the number of companies raising funds, the number of subscriptions and the amounts raised through the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

Here are the key points extracted from the EIS and SEIS report that was published last month: 

Enterprise Investment Scheme


·    Since the Enterprise Investment Scheme (EIS) was launched in 1993-94, 29,770 companies have received investment and over £20 billion of funds have been raised.

·    In 2017-18, 3,920 companies raised a total of £1,929 million of funds under the EIS scheme. This is an increase from 2016-17, when 3,655 companies raised £1,901 million.

·    In 2017-18, a total of £759 million of investment was raised by the 1,710 companies raising funds under the EIS scheme for the first time.

·    In 2017-18, companies from the Information and Communication sector accounted for £641 million of investment (33% of all EIS investment).

·    London and the South East accounted for the largest proportion of investment with companies registered in these regions receiving £1,283 million (67% of all EIS investment) in 2017-18.


Seed Enterprise Investment Scheme

 

  • ·    Since the Seed Enterprise Investment Scheme (SEIS) was launched in 2012-13, 12,900 companies have received investment and over £1 billion of funds have been raised.
  • ·    In 2017-18, 2,320 companies raised a total of £189 million of funds under the SIES scheme. This compares with 2016-17 when 2,425 companies raised £187 million.
  • ·    Over 1,700 of the companies were raising funds under the SEIS scheme for the first time in 2017-18, representing £159 million of investment.
  • ·    In 2017-18, companies from the Information and Communication sector accounted for £69 million (37% of all SEIS investment).
  • ·    London and the South East accounted for the largest proportion of investment, with companies registered in these regions receiving £117 million (67% of SEIS investment) in 2017-18.


Note

While companies have a period of several years after shares are issued to submit a compliance statement (the EIS1, SEIS1 and SITR1 forms), the majority of these returns are made within three years. Therefore, the figures in this release, and particularly for 2017-18, are likely to be revised in future due to applications that have not yet been received or advance assurance applications received in 2018-19 that require further processing.

The next release is planned to be in Spring 2020. HMRC Official and National Statistics can be found on the gov.uk website: https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics