Scaleup programmes
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Wealth Club [2024]
Finance and Risk Capital
Impact for scaleups
67
UK companies backed
56%
follow on investments
54%
outside London
50
growth stage investments
Key sectors
Launched in 2016 by former Hargreaves Lansdown executives, Wealth Club is an angel network designed to support high-net-worth individuals in making strategic investments. With a focus on early-stage ventures, the programme facilitates access to both single company and portfolio-based investments, including Growth Capital, Management Buyouts, and debt financing. Members benefit from a diverse range of pre-vetted deals, typically around 25 to 30 annually, and have the opportunity to co-invest alongside venture capital firms and corporate finance entities.
Between January 2017 to June 2024, the fund participated in 154 fundraisings for 67 UK-based companies. Scaling businesses in Wealth Club’s portfolio include Inotec AMD, which is revolutionising wound care with its wearable oxygen therapy device and has raised $33 million to expand into the U.S. OnBuy.com, the UK-based online marketplace, grew revenue by 37% last year and is scaling fast across Europe, supported by its AI-driven platform.
Also in the portfolio is Datamaran, an ESG software leader that doubled its recurring revenue and secured $33 million to grow in the U.S. and develop AI tools. BibliU, a digital textbook platform, is expanding across the UK and U.S., supported by Series B funding and recent strategic acquisitions.
Beyond financial investment, Wealth Club provides invaluable resources to its portfolio companies. This includes access to a wealth of free materials—such as guides, articles, and videos—alongside the opportunity for board-level support and connections to experienced non-executive directors.. Such resources are instrumental in fostering sustainable growth and navigating the complexities of scaling businesses.
“Wealth Club sits in a totally unique space: it’s not small-scale crowdfunding and it’s not a private equity house, which is perfect for a fast-growing technology business like Pavegen. I was really impressed with their level of diligence beforehand and the deal cadence once we went live on their platform.”— Laurence Kemball-Cook, Founder and CEO, Pavegen
“We have enjoyed working with the highly professional Wealth Club team on this important fundraising. Their extensive network of high net worth and experienced investors means that we were able to present the opportunity to a large number of potential investors and clients.”— Simon Merchant, Co-Founder and CEO, Flagstone
