Existing investors Barclays Bank, Angel Cofund and several other individual backers also participated in the round.
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If you’re a founder looking for funding to grow your tech business, you’ll likely have wondered about what investors look for in management teams before investing.
UK-based breast imaging company, Micrima has raised £4.4 million in additional equity funding led by Technology Venture Partners, The Angel CoFund(ACF), and Venture Founders – plus a group of returning and new individual investors – bringing the total amount raised to £10.7m.
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There was a time when IPOs were king. But since the mid-90s, the number of IPOs has plummeted.
The funding was provided by Hargreave Hale, a wealth manager, Angel CoFund, a business angel syndicate, and MMC Ventures and BGF Ventures, the venture capital firms.
Tim Mills is investment director of the £100m Angel CoFund, which backs early-stage companies alongside syndicates of business angels.