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

Taking advantage of S/EIS tax benefits

Investing in high-growth potential, smaller, and younger UK companies is a strategic move for both entrepreneurs and investors seeking to tap into the nation's vibrant startup ecosystem. To facilitate easier access to crucial investment for these companies the UK Government introduced the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) promoting growth and innovation in the UK business landscape.

The primary function of SEIS and EIS is to provide tax relief to investors who choose to purchase shares in eligible businesses. 

In Summary:

Seed Enterprise Investment Scheme (SEIS):

SEIS is strategically designed to support startups and early-stage businesses. This program targets companies with less than three years of trading history and no more than 25 employees. Individual investors, as opposed to companies, can inject up to £200,000 into an SEIS business per tax year. Notably, SEIS companies can accept a maximum of £250,000 in SEIS funding overall.

Enterprise Investment Scheme (EIS):

In contrast, EIS caters to larger and more established businesses, extending its support to companies with up to seven years of trading history and a workforce of up to 250 employees. Both individual and corporate investors can contribute up to £1 million per tax year. While the company can accept up to £5 million annually, the cumulative EIS funding cannot exceed £12 million. It's worth noting that corporate investors in EIS do not receive tax relief on their investment.

Knowledge Intensive Companies (KIC) Criteria in EIS

EIS introduces distinct criteria for Knowledge Intensive Companies (KIC), typically those with substantial research and development costs. These companies can accept EIS funding within ten years of trading and may have up to 500 employees. In this category, businesses can secure up to £10 million in funding per tax year and a total of £20 million under the EIS scheme.

In conclusion, both SEIS and EIS play pivotal roles in shaping the investment landscape for UK startups, offering incentives that contribute to the growth and sustainability of these businesses.