The Portfolio Effect of EIS

Relief against income tax of losses on EIS investments. Most investors’ view of EIS relief is focused on the level of day one relief against income tax. There are, of course, plenty of other tax benefits of EIS investing. And a distant second is the possibility of some loss relief to mitigate the pain if…

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Business coworkers discussing managing the cap table

This is the fourth in a short series from DSW Angels on what your choices are in structuring a venture deal, whether as investor or founder. This blog examines the management of the cap table and avoiding traps affecting company control. Behind the spreadsheets, rules, and percentages there are real-world issues relating to management of…

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DSW Angels David Ellie Keith

DSW Angels plan £10m investment in year ahead   DSW Angels is planning £10m of new investment over the next year to help support the post-Covid recovery. The network, which focuses on focused on UK regional scale-up companies, closed its largest investment at the start of the lockdown with a £1.7m funding round for One…

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Leaver shares and option vesting

This is the third in a short series from DSW Angels on what your choices are in structuring a venture deal, whether as investor or founder. This blog examines structuring for the vesting of founder shares and for employee options – looking at both sides of the debate. What is vesting anyway? It’s a VC…

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share options in venture capital deals

This is the second in our short series from DSW Angels on what your choices are in structuring a venture deal, whether as investor or founder. This edition looks at the benefits of creating a cohesive team around the founder or founders, how they should be rewarded, and who pays the cost.  Investors back teams…

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Poptop afternoon tea

Poptop – the events booking platform backed by DSW Angels, has found renewed success – delivering afternoon teas and virtual entertainment. The Newcastle-based company introduced food deliveries and online events in an attempt to find new sources of income for the suppliers on its platform after live events were cancelled. However the demand for traditional…

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venture capital

This is the first blog in a short series from DSW Angels on structuring a venture deal, whether as investor or founder. The focus of this blog is on leverage and its role in a venture capital funding structure. While we have our own structuring preferences, who’s investing and specific circumstances matter. First principles: what…

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Oneutilitybill

One Utility Bill – which simplifies utility billing for tenants, landlords and letting agents – has raised £1.7m in a funding round led by DSW Angels, the venture capital business of the Dow Schofield Watts group, and including existing investors the North East Innovation Fund, supported by the European Regional Development Fund and managed by…

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new angel network

DSW Angels, the business angel network, is celebrating a milestone after receiving its 1,000th application for funding within two years of its launch.   The business, which was started in the North but expanded to other regions in recent months, has also become one of the largest in the UK with over 100 investors. Last year it was selected as the first partner on the British Business…

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ACAI DSW Angels

ACAI – the unique women’s outdoorwear company – has bucked the trend of retail gloom in the Christmas period with reported revenues more than doubled on the previous year. This Chester-based business is run by husband and wife team Joe and Kasia Bromley. After arranging a scale-up investment in September 2019 from DSW Angels, the…

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