The University of Warwick Science Park’s Minerva Business Angel Investor Network held the celebration for investors and investees at the science park’s Riley Court, in Sir William Lyons Road, Coventry.
Minerva was celebrating a total of 15 investments totalling over £1.5 million from its investors since launching its first syndicate group in March 2010. It has also helped secure an additional £4.5 million from other funding sources and banks into early stage high growth companies.
The number of business angels joining the network has grown to more than 120 people from across the country and the formation of three syndicates.
Tim Powell, who heads up the Minerva, said: “We have had an extremely busy and successful 12 months, and we already have a healthy pipeline of potential opportunities to view over the next few months, but we are always looking for new investors to maintain our own growth.
“Angel investment is playing an increasingly important role as traditional sources of finance remain difficult to access and Minerva aims to be at the forefront in stimulating funding and investment into exciting young businesses.”
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