Newable CEO, Chris Manson, features in The Sunday Times
Chris Manson, chief executive of Newable, a provider of advice and loans controlled by the 32 London Boroughs and the City of London corporation.
Newable, which bought the London Business Angels network last year, invests in funding rounds of up to £2m, focusing on space, digital healthcare and artificial intelligence. It has backed medical device business Oxtex and Advizzo, a developer of machine learning software.
Angel investing has been a bit of a cottage industry. It sprang up from clubs and networks of like-minded people. To get scale, it needs to become a professional service. If we do that, it will turn the average investment size [by individuals] from £25,000 to £75,000.
Some people choose not to invest because the quality of preinvestment information about the company is not sufficiently good.
Founders must have…
Expertise in their subject matter and an ability to run a business rather than develop a product. After that, I look for a willingness to seek help from other people. Some founders are very closed.
For more information, contact us at PrivateInvesting@Newable.co.uk or visit www.newable.co.uk/Private-Investing.