A women-led angel investment syndicate in Wales which launched earlier this year is set to receive financial support from the British Business Bank. Women of Wales, led by lead investor Jill Jones, launched to help women entrepreneurs in the early-stage investment community in Wales by investing equity into companies with female founders and co-founders.
As a syndicate of over 30 of Wales’ most successful female business leaders, all deals can have access to co-investment of up to £250,000 from the Development Bank of Wales’ £8m Wales Angel Co-Investment Fund. Now, the British Business Bank has partnered with the Development Bank of Wales to help grow the syndicate for women.
The UK’s Government economic development bank will provide financial support, jointly-funded with the Development Bank of Wales, to enable it to accelerate its growth. The funding will be used to support the syndicate to develop its digital infrastructure and administrative support. The value of the funding was not disclosed.
