Member Article

London venture capital firm AngelLab hits £2.5 million investment mark

London venture capital firm AngelLab has made 27 investements in 24 months, selected from a pipeline of 2,000 opportunities and deploying a total of £2.5 millin.

Angel lab, which is based on Old Street in London’s tech cluster, has reported that the value of its 27 companies grew by more than 2.5 times to reach £125m in under two years.

This is to a large extent thanks to successful follow-on institutional fundraisings by the likes of Moveguides, Azimo, Shopa, and Adbrain.

AngelLab’s portfolio companies have so far raised follow-on funding totalling £48 millionfrom later stage investors including top tier US venture capital firms

AngelLab founder Maria Dramalioti-Taylor, Entrepreneur-in-Residence at INSEAD and ex-general partner of a Geneva-based family office VC, founded the firm after becoming frustrated with what she believed were lost investment opportunities in the European tech scene due to a lack of understanding of this asset class.

When Dramalioti met some fellow investors who shared the same frustrations, they formed AngelLab to pool their resources.

AngelLab managing partner Kevin Chong said: “Our aim is to build the next generation VC firm in Europe that breaks with outdated VC fund models that have not delivered for investors

“We have a passion for working with outstanding tech talent and supporting them as they create world-class businesses and we are focused on executing our unique portfolio strategy and delivering solid returns for the capital we invest; we’re excited to have been selected by the LCIF and are grateful for the validation”.

This was posted in Bdaily's Members' News section by Ellen Forster .