Two North East businesses have benefited from a slice of £4m investment into businesses through the collaboration of three angel networks.
Newcastle Angel Hub, NorthInvest and the Women Angels of the North Syndicate have worked together to secure equity investment for growth through a series of joint pitch events. Many of the deals also leveraged further investment through Innovate UK programmes including the Regional Angel Investment Accelerator.
In the North East, Innovation SuperNetwork has provided specialist Access to Finance support for two businesses who have secured a total of £540,000. Newcastle based tech firm Rapid Fluidics, founded in 2020, initially secured investment following ‘The Big Pitch’ at VentureFest NorthEast in March, which was followed by further investment after pitching at a joint Newcastle Angel Hub and NorthInvest pitch event.
