Scaleup programmes
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Newable Ventures [2023]
Finance and Risk Capital
Impact for scaleups
53
UK companies backed
21%
Follow-on investments
47%
Investments outside London
37
Growth-stage investments
Key sectors
Newable Ventures (originally London Business Angels) backs entrepreneurs with a network of more than 500 early angel investors. The network invests via its own EIS evergreen fund, curating syndicates and engaging with co-investment partners. It invests in approximately 7-10 companies each year focusing on early stage and scaling businesses in medtech, AI, space, robotics and industrial technologies.
Scaleups that it has backed include Q-Bot, Hummingbird Technologies, Threads Styling, and Media Sense.
Newable has also launched three scale-up funds. The Newable Scale-up Fund 3 targets the funding gap that exists for companies which have potentially de-risked their technology, developed traction with customers and now seek funding to scale their commercial operations. It provides investors with a diversified portfolio of seven to ten qualifying companies per investment.
Scaling and scaleup businesses have access to a range of business support services from a team of business and innovation advisers, including help with business model innovation, including the development and implementation of business models that are new to the firm; support to progress new products or services; develop or refine their digital strategy; and achieve their sales and growth ambitions.; assistance with Intellectual Property (IP) awareness and commercialisation; access to further funding (eg via grants and other investors) and investment readiness and pitch preparation; support and advice services to access international markets including the development of a tailored export growth action plan; market insights; connectivity with buyers and partners overseas; and access to trade fairs; and support programmes for female-led and diverse founders.
