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Behind the Raise

Welcome to the first of our Behind the Raise blog series! We know how difficult fundraising can be, so these interviews offer some tips, advice and insight into what has worked for different entrepreneurs.

For our inaugural interview, we are delighted to be speaking to Andrea Armanni, Co-founder of Mammalo. Mammalo is transforming the service industry by making it easy and quick for people to book the services they need. Through Mammalo, people are paired up with local professionals, making it hassle free to get the boiler repaired, hire a photographer or source a makeup artist.

Tell us about Mammalo:

Mammalo is a marketplace for on-demand local services delivered at home, where people can find and book anything they need from a painter to a hairdresser. With over 3 million people moving to cities every week, finding trustworthy experts in large urban areas has become much harder and very time consuming. Mammalo’s mission is to connect those in need with the right people that can help, and is set to become the go-to website where people can find any service they need, delivered to their door.

Why did you decide to raise investment?

Without funding the vast majority of startups will die. A startup usually means a company that is built to grow fast, and fast growing startups usually need to burn cash to sustain their growth prior to reaching profitability. In our case, we raised a friends and family round in the beginning of 2018 which allowed us to launch our first MVP in November 2018 and work towards finding the right product market fit. In less than 3 months, we managed to gain over 1500 users. We needed more liquidity to invest in marketing and tech development, so we decided to start working towards our first seed round.

What is your top tip for anyone raising investment for the first time?

It may sound obvious now, but one thing that we learnt whilst raising our first seed round is to be “Investment ready”. For some founders it’s enough to have a story and a reputation to raise funds, but for most it requires much more. Angels invest when they believe in the idea they hear, in the founders’ ability to realise its vision and in the market opportunity. When, as a founder, you are ready to tell this story, and bring some proof of customer adoption, you are ready to raise money.

What attracted investors to your company?

I believe what really helped us was getting the right launch strategy in place and the first 400 users within our first month. Then, a solid data vault with a detailed business plan, financial forecast and investment deck.

Andrea, Co-founder of Mammalo

My biggest fundraising mistake was…

Our biggest fundraising mistake was undoubtedly underestimating the amount of time and effort that was going to go into the fundraise process. Since we started working on it, we spent nearly 6 months on the fundraise trail before completing all the legals and receiving the investment.

Why did you choose to use Angel Investment Network?

We came across Angel Investment Network through a friend of ours at Y Combinator SUS as we were about to launch our crowdfunding campaign. As for every business looking to raise their first seed round, finding the right angel investors can be challenging and time consuming. Angel Investment Network was a great opportunity to gain exposure from the largest angel investment community in the world. Our pitch was posted to over 200,000 investors and remained live over a 2 month period in which we had a chance to talk to multiple investors and present them our vision and future objectives.

To find more fundraising tips, visit our learn section.

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#SixtySecondStartup

Our latest #sixtysecondstartup interview is with Greg Geny, Co-founder and CEO of BeRightBack (BRB). Fed up of spending so much time planning weekend breaks, he decided to create the world’s first travel subscription service to make booking short trips easy. Through BRB, customers get 3 trips every year to surprise European destinations, making travel fun and stress free.

Our interview with Greg:

What does your company do?

BRB is the world’s first travel subscription service. We offer customers 3 trips per year to surprise European destinations for a fixed monthly fee.

Why did you set up this company?

BRB came from very personal pain points. I did a lot of travelling in my 20s and early 30s and a few years back I realised that I was spending more and more time researching and booking my weekend breaks. The root cause of this comes from the fact that the onus is still on the customer to do all the heavy lifting and as the market has become more and more fragmented, this research process is now taking on average 10 hours and is spread across 4-8 weeks. So not only do customers need to spend hours researching their next break, but by the time they are ready to book, flight and hotel prices have gone up. This did not feel like a very customer-centric approach to travel. 

What is your business model?

We are a subscription based model delivering 3 trips per year to surprise European destinations, for a fixed monthly fee. We leverage data to tailor the breaks to the exact preferences of our customers. Customers can also purchase additional services.

How did you get your first customer?

We ran Facebook and Instagram ads and got 3 customers on our first day. Whilst social media advertising remains a strong channel for us, we are now building our brand across a range of channels – from social, SEM and content creators to large partnerships. The latter will allow us to leverage synergies between BRB and established audiences in other verticals such as financial services, telcos, travel or media. 

We think that there’s growth in this sector because: 

The market has grown 29% since 2012 and is set to grow further over the next 5 years. At the same time, Millennials and Gen Z have very different expectations from previous generations. They love travelling (particularly city breaks), they value convenience and they want a personalised service. BRB meets the needs of this new generation by turning travel into a lifestyle. 

We knew we were onto something when:

We got picked up by major media publications – the Telegraph, the Guardian, Lonely Planet, SKIFT, CNBC and more and started seeing the traction behind the business. We’re grown 350% this year alone. 

The biggest mistake that I’ve made is: 

Not starting the business sooner, although I believe that timing is everything and now is the perfect time for BRB to disrupt the industry.

We worked with AIN because:

We wanted to tap into an existing network of investors to support our fundraising efforts.

Get started today and view pitches from a huge range of entrepreneurs around the world.

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Tech leads but stunning rise in interest for sustainable businesses, finds Angel Investment Network report

Angel Investment Network has revealed its latest ‘State of the Angel Investment Nation’ findings. It is based on the data of our UK registered businesses looking for funding and the keyword searches of investors.

Investor keyword searches
‘Technology’ was the top search term used in 2019, based on investor keyword searches. This was followed by ‘property’ with ‘mobile’ the third most popular. ‘Robotics’ climbed six places year on year to now be the fourth most requested search term. Meanwhile ‘electronics’ is up by nine places on the list to number six.

With climate change centre stage in Davos last week, there also has been a stunning rise in interest for sustainable businesses. Searches for ‘Renewables’ have rocketed by 34 places to be the 14th most searched for term. Meanwhile ‘greentech’, unheard of even a couple of years ago, is now the 19th most popular keyword, up from 47th last year. Environmental leapt 56 places up the rankings to be the 25th most searched for term.

Pitch ideas
For entrepreneurs, property is the most popular sector for pitch ideas. Entertainment and leisure is the second, followed by technology. Overall there were 10% more pitches over the past 12 months from startups looking to attract investors.

According to AIN co-founder Mike Lebus: “Startups are the lifeblood of the UK economy and despite a turbulent year politically, there has been no slowdown in activity. Investor interest remains focused on technology and the cutting edge applications that are possible through it, including mobile and robotics. However property, one of mankind’s oldest profit generators, continues to drive the interest of investors and is now our top sector for pitches.”

He continued: “The growth in interest in impact related terms is remarkable and we are witnessing a seachange in investor attitudes as it has so quickly shot to the top of the news and business agenda. It is the reason we launched our spin off SeedTribe to help support entrepreneurs who put sustainability at the heart of their business model.” 

The report also reveals some discrepancy between startup ideas and investor interest. While fashion and beauty remains the fourth most popular category for pitch ideas, it is just 17th on the list for investors. ‘Inventions’ as a search term fell by seven places from seventh to fifteenth most searched term. Meanwhile ‘Gadgets’ also fell by 15 places to number 32 as investors instead look for more tech and software based ideas.

Entrepreneurial hotspots
AIN has also revealed the UK’s top entrepreneurial hot spots. London remains responsible for 37% of all pitch ideas, although its market share was slightly down. The South East is second in the list with the North West number three, up 10% year on year. There has also been impressive growth in other parts of the country. There was 25% growth in pitch ideas in the West Midlands, with East Anglia up 26%.

The Top 10 Sectors for Pitches:

  • Property
  • Entertainment & leisure
  • Technology
  • Fashion & Beauty
  • Food & Beverage
  • Software
  • Hospitality, Restaurants & Bars
  • Retail
  • Business Services
  • Education & Training

The Top Keywords for Investors:

  • Technology
  • Property
  • Mobile
  • Robotics
  • Software
  • Electronics
  • Computers
  • Products
  • Residential property
  • Finance

The entrepreneur hotspot list is as follows (based on number of pitches from each region):

  1. London
  2. South East
  3. North West
  4. South West
  5. West Midlands
  6. East Midlands
  7. Scotland
  8. East Anglia
  9. Yorkshire and Humber
  10. North East
  11. Wales
  12. Northern Ireland



Featured

#SixtySecondStartup

This month our sixty second interview is with Firdaus Mogul, Founder of Check An Invoice. Check An Invoice uses AI and machine learning to identify invoice fraud. Firdaus set up this business after one of his friends was a victim of invoice fraud and he realised that there were no products addressing this problem.

Our interview with Firdaus:

What does your company do?

We identify and prevent invoice fraud using the latest advances in artificial intelligence and machine learning.

Why did you set up this company?

When I ran my own B2B payment business, which I sold in June 2019, many of our customers spoke about instances of invoice fraud. On researching, we could not find any companies that offered solutions to this problem. So we decided to launch our own SaaS application that addresses the needs of both small and large businesses.

We knew we were onto something when:

Every prospect we met and investor we spoke to started complementing our market positioning and how the product is addressing an unsolved need.

How did you get your first customer?

Like all startups, our first customer was an acquaintance, who found the solution very helpful for his business as it reduced the manual workload of checking the invoices

Our most effective marketing channel has been:

Forming partnerships with accountancy firms, FinTechs and banks. These partners then offer our solution to small and large companies as a value added service on top of what they already offer.

The biggest mistake that I’ve made is: 

Assuming that there was already a good understanding of invoice fraud among SMEs. Although our research suggested that over 50% of SMEs are affected invoice fraud, when we went out and spoke to people, we discovered that awareness levels were relatively low.

We think that there’s growth in this sector because: 

Invoice fraud results in over $26bn of losses worldwide (Source FBI) yet, there are very few solutions which address this issue. Our platform operates globally giving us the ideal first mover advantage.

We worked with AIN because:

We worked with AIN because they have the largest and most engaged network of angels.

Get started today and view pitches from a huge range of entrepreneurs around the world.

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The Angel Investment Network’s ‘Pitch and Pint’

The last year has been an important one for the Angel Investment Network – we turned 15 and welcomed new team members, growing the team significantly with a third of our London team joining towards the end of the year. 

Whilst 2019 has been a record year for the Angel Investment Network for helping start ups successfully fundraise, we certainly think there are areas that we can still improve. 

Over the years, we have built up strong expertise about what startups need to achieve to maximise their chances of success. 

  • What does an optimal team look like? What advisers should I bring to my business and how much equity should I give them?
  • When are you ready to raise a Seed round? 
  • How do you make sure you are speaking to the right investors and stop wasting time? 

But as the Angel Investment Network community has grown, we realised there was more knowledge and expertise held amongst our founders, our entrepreneurs. 

And we decided that the time was right to start making the most of that. 

So 2020 will be the year that, as well as making hundreds of thousands of connections online, we will start to connect more and people offline too. 

Join us for the inaugural Angel Investment Network, Pitch and Pint, at the Duke on the Green in Parsons Green.

Learn about how to improve your pitch. Meet the team and learn from the entrepreneurial community. 

Sign up to the Angel Investment Network’s Pitch and Pint.

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SeedTribe relaunches as ‘UK impact hub’ – powering profit-with-purpose driven businesses

Ethical investment platform SeedTribe has relaunched as a new UK-focused impact hub. The platform connects startups with individuals, corporates and governments interested in helping profit-with-purpose businesses. SeedTribe’s new remit includes mentoring, networking and recruitment, as well as investment.

SeedTribe uses the UN Sustainable Development Goals (“SDGs”)  as its impact framework with all businesses on the platform at Stage 1, raising up to £1M and driving revenue. Businesses that appear on the platform are heavily vetted so only the most inspiring are selected. Businesses are featured free of charge, but have the option to buy “add-ons”. These include helping with their fundraise, advertising a job to the network or showcasing an event. 

New content

New content includes spotlight interviews with founders, advice and guidance for startups who need support. There are also events, opportunities and a free match-up service enabling individuals to connect with businesses. Following extensive research and discussions with the network SeedTribe has identified five key areas of focus. These are:

1.     Mentors/Advisors
2.     Corporates giving financial or in-kind support in line with their values and fields of expertise
3.     Recruitment opportunities
4.     Interesting events they can attend
5.     Investment or other types of funding

Businesses winning investment and support

Businesses on the SeedTribe platform winning investment and support include: Teysha Technologies, a natural polycarbonate platform creating fully biodegradable substitutes for plastics and PinPoint who use data science to detect the early signs of cancer.

The site is powered by Angel Investment Network – the world’s largest online angel investment platform, with a global network of more than 1 million entrepreneurs and 200,000 investors.

Olivia Sibony is the CEO of SeedTribe and she was recently named one of the UK’s Top 10 Women Entrepreneurs for her work on SeedTribe.

She said: “Our entire ethos is using business as a force for good, meaning profit and purpose need to be interlinked. Over the past 18 months I have been approached by so many people who believe in our mission and want to help in ways beyond simply funding.” 

She continued: “Our community is dedicated to finding solutions to the world’s most intractable problems, helping impact-driven entrepreneurs  meet the people and institutions who can teach, support and fund their ventures. We believe in the power of collaboration and together we can empower business to be used as a force for good and transform our world.

Olivia is urging anyone keen to help SeedTribe’s mission to reach out. Please visit seedtribe.com for more information.

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Angel Investment Network celebrates 15th anniversary

From a vision of opening up the closed world of angel investment to an expanding global network of a million users

AIN London team

From a proposal for a rabbit mashing factory in Russia to successfully funding What3Words, Angel Investment Network (AIN) co-founders Mike Lebus and James Badgett have seen it all. It has now been 15 years since our co-founders and childhood friends formed AIN, now the world’s largest online angel network. What started in the early days of the internet as two friends having a vision of an interconnected network of angel investors and startups has led to a platform now spanning 90 countries and more than a million users. Meanwhile the team is now 25 strong with team members in the UK, USA, Mexico, Spain and Nepal.

Our co-founders in earlier times…

Living and breathing the startup world since the early noughties, the team has successfully raised funds for standout companies like What3Words, Novastone and Rosa’s Thai. In the last few years the company has been developing at a breakneck pace with the launch of two spin-off brands, SeedTribe, a community for impact-focused businesses, and BrickTribe, which connects investors and lenders with property developers with proven track records. 

In the last year alone, AIN has received over 100,000 pitches from entrepreneurs across the globe, with the figure doubling over the last two years. Alongside existing markets there has been a rapid growth of startups coming from emerging markets. Meanwhile investors registering on the site have surged nearly 40% year on year, now standing at more than 200,000 registered business angels. 

Alongside the online platform, AIN also runs a successful broking division, which has seen exceptional growth in the past 12 months. AIN has been involved in several significant raises in 2019, including eco-friendly baby product business Kit & Kin, fully customisable bio-polymer plastic company Teysha, and Pin Point, a data science offering early cancer detection.

Our co-founders James Badgett and Mike Lebus today

Speaking about the anniversary James Badgett said:
“When we first set up, no one looked for investment online. Most investment came through personal connections, which not everyone has access to. We saw that good ideas weren’t getting the funding they deserved, because entrepreneurs’ access to angels outside their immediate circles was severely restricted. We imagined a platform which gave all entrepreneurs access to a national and international network of investors; and, of course, the only way to do that was online. It is remarkable to see how it has grown and we are proud of AIN’s place at the epicentre of the startup scene in the UK and now spanning the globe.”


Mike Lebus said:
“When we set up AIN, angel groups tended to be focused on a regional basis. Applying to them, following up, getting feedback, arranging meetings, etc was fairly laborious. We had the idea of creating a portal to streamline the whole process for entrepreneurs and investors. I feel immensely proud to have helped brilliant companies like Sweatcoin and What3words on their journey to huge success. However, of course there are no guarantees of funding and the startup idea needs to capture the imagination of any potential investors. Over time you do get a sense of what will work and what will sadly remain a pipe dream. We launched the broking division to apply our team’s expertise of selecting high quality dealflow and to help our investors identify the best prospects.

With AIN now having a footprint in every continent (except Antarctica where unsurprisingly there doesn’t seem to be much demand), we can’t wait to see where we’ll be 15 years from now! Happy anniversary AIN.


 

PinPoint raises £1m with support from Angel Investment Network to fund early cancer detection

HealthTech startup PinPoint Data Science has successfully raised over £1m, supported by Angel Investment Network (AIN).

The PinPoint Test uses AI/Machine Learning to rapidly ‘rule out’ cancer from a simple blood sample. It may be used for all cancer types. AIN was the only external organisation PinPoint accepted investment from in a round that lasted just six weeks.

The investment will be used for implementation trials starting mid-2020. It will also include R&D on improved versions of the product, an expanded full time team, regulatory compliance, the purchase of new equipment and the development of new products. Leeds-based PinPoint was formed in 2018 and now has a team of nine working full time. 

According to the CEO Giles Tully: “These funds will help our ambition of enabling doctors to make better, smarter and more efficient decisions. In 2018, over two million patients who presented with vague symptoms were sent for testing to check for cancer. 92.6% of those patients did not have cancer and yet still had to undergo invasive diagnosis at a huge cost to the NHS and great concern for the patients. PinPoint has already achieved nearly 25% rule out. Last year this would have given over 500,000 patients peace of mind in a few days and saved the NHS over £150m. Our technology will save lives, improve patient experience and significantly reduce costs.”

According to Sam Louis, Head of Consultancy at AIN, who led the fundraise: “This is one of the most exciting businesses we have worked with in recent years. Like all the best startups they have developed a solution to a very real problem. In this case it’s a problem that’s very close to home for a great number of people. We were delighted we were the only organisation they worked with to raise the funds. It was really encouraging the investors we sourced were aligned with their vision.”

PinPoint is one of the companies featured on the new SeedTribe website. SeedTribe, powered by AIN, is an online community connecting profit-with-purpose startups with expertise and investment.

What does the 2019 General Election mean for startups and SMEs?

“Next week voters face their starkest choice yet, between Boris Johnson, whose Tories promise a hard Brexit, and Jeremy Corbyn, whose Labour Party plans to “rewrite the rules of the economy”. Mr Johnson runs the most unpopular new government on record; Mr Corbyn is the most unpopular leader of the opposition. On Friday the 13th, unlucky Britons will wake to find one of these horrors in charge.”  – The Economist 

The result of the election, for better or worse, is inevitably going to have an impact on the potential fortunes of your startup. We’ve done some investigating into the manifestos of the three main parties topping the polls – Conservative, Labour, and Liberal Democrats, to shed light on what their policies might mean for your business. This article touches on just a few of the policies and their potential impacts. We do not intend to offer a value judgement of any form, instead, we hope to provide a high-level overview of policy changes. 

The Conservative Party 

The mantra ‘get Brexit done’ dominates the Conservative manifesto, with few radical policy changes that could negatively impact small businesses, other than the economic impacts of Brexit itself. They hope to leave the EU in January and continue negotiating a trade agreement with other countries throughout 2020; experts predict that to leave without a deal would make average incomes 8% lower than they would otherwise have been after ten years.

Embedded within the manifesto are some modest policy changes that could benefit startups; they have promised not to raise income tax and VAT, cancelling “plans to lower Corporation Tax, keeping it at 19 per cent,” with the hope to “redesign the tax system so that it boosts growth, wages and investment”. They also pledge to clamp down on late payments and “support start-ups and small businesses via government procurement, and commit to paying them on time” in an effort to “support small businesses that are exploited by their larger partners.” 

Additionally, they plan to “expand start-up loans, which have particularly high take-up from women and BAME entrepreneurs”. So far, the British Business Bank has supported “90,000 smaller businesses with over £7 billion in investment or loans, and will continue to grow.” They have also announced a £3bn National Skills Fund, which will provide “funding for individuals and SMEs for high-quality education and training”. 

The Labour Party

Labour, if elected, hope to negotiate a new Brexit deal within 3 months, prioritising protecting workers rights, a UK Customs Union and an alignment with the single market – then putting the deal to a second referendum. 

Nationalisation prevails in their manifesto, requiring increased taxes on businesses and individuals. Corporation tax would be increased from 19% to 21% by April 2020, with further rises taking it to 26% by 2023. For small businesses – which Labour have defined as those with a turnover below £300,000 – “the current 19% corporation tax rate would be retained initially, rising to 21% by 2023”. These actions could taint the current attractive corporation tax rate in the UK, which helps promote foreign investment.

Additionally, they plan to “rapidly introduce a Real Living Wage of at least £10 per hour for all workers aged 16 or over” using “public finances to help small businesses manage the extra cost”. They plan to give individuals working regular hours for more than 12 weeks, the right to a regular contract, as opposed to zero-hours. Further, they plan to get rid of entrepreneurs’ relief – the charging of capital gains tax at 10% on up to £10m raised from selling a business, in an attempt to reform what they believe is currently “an inefficient system of tax relief”. The manifesto also mentions setting up a Business Development Agency, which would offer “free support and advice on how to launch, manage and grow a business”.

The Liberal Democrat Party 

The ‘middle way’ appears to characterise the Liberal Democrat manifesto, relative to the increasing divergence of the Labour and Conservative positions, offering a centre-left stance on free market capitalism, With regards to Brexit, the push to stop it in its tracks by revoking Article 50 is clear, in favour of open markets and a liberal society.

The Liberal Democrat manifesto offers an apparent end the Brexit saga and unreformed taxation policies. This would not only see an end to Brexit anxiety, but means that small businesses would also be able to operate under the same terms as they are used to. Liberal Democrats want to take Corporation Tax to 20 per cent “and keep the rate stable with a predictable future path.”

Vince Cable, Jo Swinson’s predecessor, is a firm advocate of the startup scene, just days before the election, he is giving talks on topics such as ‘The State of Entrepreneurship in the UK’. His party introduced the Department of Business, Innovation and Skills, and the Growth Accelerator, a 4-year programme helping rapidly expanding SMEs. Further to this, R&D programmes, support for flexible IP rules, and regional creative enterprise zones demonstrate the party’s alignment with the needs of small businesses. 

The Lib Dems wish to broaden the role of the British Business Bank, by introducing a ‘start-up allowance’, to encourage entrepreneurship by helping with living costs during the formative period of businesses. Additionally, they hope to “support investment in new UK digital start-ups by reforming the British Business Bank’s support for venture capital funds to enable it to help funds ‘crowd in’ new backers rather than acting as a funder of last resort.” From a training and development perspective, they are proposing “a new Skills Wallet for every adult, giving people £10,000 to spend on approved education and training courses”. 

These policies demonstrate that innovation and business entrepreneurship remain a priority. Yet the uncertainty brought about by Brexit and its subsequent effects on business arguably tarnish the potential contribution of such policies, making the advantages seem merely compensatory in comparison to the damage already caused. It is also worth remembering that manifesto claims are not always substantiated, as the Institute of Fiscal Studies’ General Election Manifesto Analysis shows. It makes for some interesting reading as we wait to see the outcome of Thursday’s election. 

Bioplastics company – Teysha Technologies – completes £1.2m EIS funding round on Angel Investment Network

Amsterdam: Plastic waste floating in a canal in Amsterdam, The Netherlands

According to the UN, 300 million tonnes of plastic waste is produced every year. If current trends continue, our oceans could contain more plastic than fish by 2050. Confronted by increasingly urgent global issues, more and more entrepreneurs and investors are working to see business objectives align with what’s best for the planet. The bioplastics company Teysha Technologies are doing just this, by helping tackle the world’s plastic problem. 

With a world-leading team, Teysha has created a material patented, renewable, fully biodegradable plastic substitute. Using organic waste matter, they can create polymers for 100s of different applications: whether you need a hard casing for a lipstick packaging or a flexible wrapping for a retail item, they can do it. From building insulation to car dashboard moulding, the potential is vast.

The product also completely bio-degrades back into earth-friendly organic matter, and even this process can be tailored. For example, the product can be broken down in water in a matter of hours, weeks or years, or it could be waterproof yet still breakdown in compost.

Coca-cola “coke” bottle washed onshore – maria mendiola

Teysha has successfully raised £1.2m of investment, supported by Angel Investment Network (AIN). It is also one of the handpicked companies featured on SeedTribe, an online community connecting profit-with-purpose startups with expertise and investment. The investment is being used to deliver prototypes and secure contracts, allowing them to tap into the global bioplastics market which is set to be worth $43.8Bn in 2022. 

Duncan Clark, Director of Operations at Teysha Technologies said: “We are delighted with the interest we have received from AIN investors. Made from all-natural and inedible agricultural waste streams, Teysha’s second-generation bioplastic is the result of decades of R&D. One of the biggest challenges facing bioplastics, as this new industry evolves, concerns the fate of the products when their use has ended, our product tackles this by breaking down to its constituent earth-friendly organic building blocks.”

According to AIN’s Sam Louis, Head of Consultancy, who led the fundraise: “Teysha’s technology creates an incredible opportunity for how we produce materials. The investors on our platform were really drawn to its ability to answer the growing demand for sustainable plastics, its inherent versatility and the ability to create so many different products depending on need. It’s exactly the sort of company we love to be involved with and we have seen a significant rise in interest among investors for impact-led businesses of this type.”

With exciting times ahead, the company’s future is looking undeniably bright. Teysha is part of a movement of companies paving the way for change. This is made possible by the foresight of investors, who are using their influence to support businesses which align profit with purpose, to help create solutions to some of the world’s most pressing problems.

If you’d like to explore pitches from a huge range of entrepreneurs around the world, click here.





How is Angel Investment Network different from crowdfunding?

From crowdfunding sites to online platforms like Angel Investment Network (AIN), there are a multitude of options available to entrepreneurs looking to fundraise. Making the right decision can be a daunting task and it’s sometimes hard to choose the right strategy and identify value. You may be asking yourself, where does Angel Investment Network stand in all of this, if it’s not a crowdfunding site? 

We’ve highlighted a few of the ways AIN differs from crowdfunding, offering a valuable alternative to the ubiquitous crowdfunding sites:


1. Sophisticated investors

Our investors are self-certified as sophisticated investors and/or high net worth individuals. They are typically looking to invest a significantly higher amount than the average crowdfunding investment of just £68. Instead, ticket sizes average at a healthier £50,000. With AIN, you’ll have less small ticket investors and a lower administrative burden, making it easier and quicker for you to raise money. 

2. International Reach 

We have investors from almost every country in the world. Crowdfunding platforms can struggle to achieve this because of varying regulations around crowdfunding in different countries.

3. A flexible service 

AIN offers a very flexible service that grants you access to a large network of potential investors. Unlike crowdfunding, once the initial connection is made, users can take further discussions off-platform and we don’t take part in processing payments. How you then work with them is entirely up to you and the investors: round size can change, valuation can change, it’s as flexible as you like, for as long as you like.

On AIN companies can even complement their profile with any other fundraising avenues that they are exploring – there’s no exclusivity. 

4. No hidden fees

Our platform works on a straight upfront listing fee, and can even be free. With crowdfunding, you will usually be charged a commission on all the funds you raise during your campaign. Our fee doesn’t change if you get more investment, making it a very cost-efficient option.

5. Diverse sectors and investors 

Often crowdfunding platforms can be less effective with businesses that aren’t as universally appealing or consumer-facing. We have companies from almost every sector on the platform, from IT and communications startups to medical ventures. AIN allows users to broadcast their idea to thousands of potential investors looking for new businesses to invest in.

We don’t just have angels, we also have family offices, funds, Venture Capital, and Private Equity firms on our network. It is rare that you would find these on a crowdfunding platform.


We have raised over £300 million for startups around the world, and have built a global network of thousands of entrepreneurs and investors.

Could you benefit from our global network of investors? Click here to get started.