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

Mini Budget Highlights

The mini-budget updates were announced by The Chancellor Kwasi Kwarteng this morning and here we are, bringing you all the scoop! There are still a lot of details missing, which will probably be made clear in the upcoming months.  

The purpose of these changes is to stimulate UK’s economic growth specifically targeting small businesses. Here are the highlights: 

EIS/VCT extended and SEIS fundraising limit raised 

Let’s start with the most important change for startups and angel investors. The limit for SEIS will now be £250k, and the company age has been expanded to 3 years instead of 2, giving more investors and companies the opportunity to benefit from this tax scheme. For exploring investment opportunities in SEIS Eligible startups pls express interest here

Corporate tax 

The UK’s corporate tax rate will not rise to 25 per cent – it will remain at 19 per cent, the lowest rate of corporation tax in the G20, potentially releasing £19bn for reinvestment. The reversal will cost an estimated £17bn, according to The Times. However, the Institute for Public Policy Research (IPPR) has doubts – the UK had the lowest business investment of all the G7 in 2019 despite having the lowest corporation tax of these countries, so we will have to wait and see if this year is any different. 

National Insurance 

The increase in Employer National Insurance Contributions and dividends tax to pay for a Health and Social Care Levy has been cancelled. And the interim increase in the National Insurance rate, brought in for this tax year will also be cancelled. This cut will take effect from November 6. 

Annual Investment Allowance 

The annual investment allowance for businesses will be permanently set at its highest level of £1m from April 1 next year. This will give 100 per cent tax relief to businesses on their plant and machinery investments up to the level of £1m. 

‘Investment zones’ 

The government is in talks with 38 local and mayoral combined authority areas in England to set up new investment zones. The zones will offer targeted and time-limited tax cuts in addition to less red tape for businesses in a bid to increase productivity and create jobs. Work will also begin with Scotland, Wales and Northern Ireland to agree zones in these locations. 


The Prime Minister may be considering a reduction in VAT from 20 per cent to 15 per cent across the board. 

But there is good news for tourists, as now people visiting the UK will be able to benefit from VAT-free shopping. Previously, tourists from outside the EU could qualify for tax-free shopping – But today’s announcement extends that to anybody visiting from outside Britain. But VAT-free shopping could be tricky to implement, given that it involves a new digital system and HMRC’s record when it comes to rolling out new tech is patchy. 


The Chancellor committed to repealing reform of IR35, which treats independent contractors the same as employees for tax purposes but without giving them the benefits that employment provides. However, he stopped short of scrapping IR35 altogether. The IR35 reforms, which rolled into the public and private sectors in 2017 and 2021 respectively, will no longer apply from April 2023. Instead, the original rules will remain, and contractors will be responsible for assessing their own tax. 

Company share option plan 

The company share option plan (CSOP) limit that allows businesses to offer employees share options is being raised from £30,000 to £60,000. 

There are a lot of new changes. It’s hard to tell what will happen, but we hope these changes will positively impact startups and the economy. What were your thoughts on the budget? We would love to hear your views in the comments