Angel investors Stephen Houston and Peter Cowley are to join Angel CoFund’s 10-strong investment committee.
Houston is best known for his involvement with Halo, the business angel network for Northern Ireland, which in 2010 was named British Business Angels Association’s Angel Network of the Year. With a background in Fast Moving Consumer Goods and property, he brings to the role 25 years of management and start-up experience.
Cowley is a technology entrepreneur and angel investor, who is well known in the Cambridge enterprise scene, where he is a board member of the Cambridge Angels, as well as a Fellow in Entrepreneurship at the Cambridge University Judge Business School.
Founded in 2011, the Angel CoFund seeks to back promising UK businesses and to help develop the emerging UK business angel investment market. Backed by the British Business Bank and the Government’s Regional Growth Fund, the GBP100m Angel CoFund is able to make initial investments of between GBP100,000 and GBP1 million into businesses, alongside syndicates of business angels.
The investment committee’s role is to examine potential investment opportunities, discuss term sheets and review due diligence.
Tim Mills, investment director at the Angel CoFund, says of the appointments: “Since launching over two years ago, the Angel CoFund has made a significant impact on the UK angel investment and enterprise space, backing over 40 British businesses to date. It is with great pleasure then that we announce Peter and Stephen’s appointment to the investment committee. As active advocates of angel investment in the UK, they bring with them a wealth of experience and knowledge. We look forward to benefiting from this and welcome them on board.”
