The group, which describes itself as Scotland’s most active business angel syndicate, undertook 18 deals in 2018, a record six of which transacted at more than £1 million.
It concluded the year with a £2.8m round for sports technology business Shot Scope. The group invested £5m last year, taking the total amount invested in its portfolio since it was founded in 2010 to £12.5m.
Equity Gap also gained a further 40 investors, taking its pool of active business angels to 160, while the group’s headcount rose to six on the back of increased revenues and investment in systems and staff.
It expects to make a further two appointments in the coming year as it continues to expand operations and forge closer links with the mergers and acquisitions market...