The investment group has been recognised as the UK’s “lead angel investment syndicate of the year” by the UK Business Angels Association.
It comes on the back of a year during which it led with £11.2 million of investment from its own members, supplemented by a further £6.8m of cash from co-investors, including the Scottish Investment Bank – the investment arm of Scottish Enterprise.
The largest single investment in 2017 was £3.6m in ZoneFox, the Scottish cyber security success story. The smallest seed funding was £750,000, in PhysioMedics.
David Ovens, Archangels’ chief operating officer, said: “Business angel investment is a vital support network for the UK’s fledgling technology and life sciences innovators and we’re proud of the role we have played.”