Looking for Investment
The fund invests all around the UK and across most sectors, with the aim of backing those with the potential to truly excel in their fields. While always looking for a strong return on investment and businesses that have the potential for significant scale, the following checklist gives a brief overview of other criteria:
All investments must be headquartered in the UK at the time of the initial investment
The fund rarely invests more than 30 percent of an initial round of investment, in order to ensure it does not become a dominant party, and rounds tend to be in the range £300k to £5m. Since the fund’s launch the average round size has trended around £1.2m to £1.5m, with an average first round investment of £350k from the ACF. The fund has a fixed minimum first round investment of £100k up to a maximum of £1m.
Syndicate of angels
ACF will only invest alongside syndicates of 3 or more private individual investors who are new to the business (i.e. they must not invest ahead of ACF and be first time shareholders in the business at the time of investment). This ensures our interests are aligned right from the beginning
The lead investor or investors should be willing to be ‘hands on’ and have relevant sector or business knowledge to help lead on due diligence and support the business as it scales