Access to Finance: Securing angel investment
Posted: Wed 30th Aug 2023
In this webinar, Johnny Harte chairs a panel discussion with HBAN's Niamh Sterling, a small business founder who has secured angel investment.
This training is for small business owners who want to learn more about securing angel investment.
Topics covered in this session
What to consider when seeking angel investment
Benefits and challenges of securing angel investment
Steps for securing angel investment
Key points from the webinar
Investor readiness
Prepare a data room with up-to-date financials, company information and EIS details for potential investors to access during due diligence.
Launch your website and social media presence early to show potential investors that your business has gained some traction and acquired customers.
Develop a clear route-to-market strategy with validated assumptions.
Investment process
Engage with HBAN's 15 syndicates nationwide and overseas, and attend their annual events to get access to sector-specific investors.
Establish a well-defined process from pitch to due diligence, with your business's leader or founder involved in investor meetings to expedite investment.
Proactively update investors on company progress, even without immediate responses, to build and maintain relationships.
The investor landscape
Target angel investors with expertise in your domain or industry and valuable networks.
Understand that angel investors are typically sector-agnostic, but do often focus on technology-based start-ups in areas like wearables, fintech and medtech.
Use resources like Pitchbook to identify and research angel groups in specific locations, such as London, based on their investment focus.
What to consider after investment
Be aware that angel investors may lack the capacity for follow-on investments, potentially leading them to dilute their investment in later funding rounds.
Consider syndicating deals with a number of different angel investors to streamline communications through a single nominee vehicle.
Take advantage of angel investors' advice, mentorship and networks post-investment to drive business growth and open up new opportunities.
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