AngelsDen

AngelsDen is a UK-based angel investment network founded in 2007 by Bill Morrow and operated through Angels Den Funding Limited (Companies House 08384317). The platform promotes a global presence via regional managers and partnerships in the UK, Europe, Singapore, Asia and the Middle East, and runs investor-facing events such as SpeedFunding.

AngelsDen is not directly authorised by the FCA and no Firm Reference Number is identifiable on the Financial Services Register. The platform operates under the "reasonable belief" exemption for financial promotions, restricting access to certified High Net Worth and Sophisticated Investors. Headline figures cited on the site — including a portfolio value of more than £2.5bn — are platform statements rather than independently audited metrics.

Early-stage companies apply to list a funding round; AngelsDen vets applicants and typically identifies a lead investor who carries out due diligence and mentors the company before the round opens to the wider network. Access to deals is restricted to investors who self-certify as High Net Worth or Sophisticated under FCA rules, which is what allows the platform to operate under the financial promotion "reasonable belief" exemption rather than holding direct FCA permissions.

The platform manages legal documentation for investments but does not operate a regulated fund management business in its own right. Issuers pay an onboarding fee of £495 and a 7.5% success fee on funds raised; investors are not charged platform investment fees. Older fee references (£349 listing + 8.5% success) circulate online but appear to be superseded by the current schedule.

AngelsDen lists early-stage opportunities across technology, healthcare, consumer goods, food & drink and other sectors, using equity, debt and revenue-share structures. Many deals claim eligibility for SEIS or EIS tax reliefs where applicable. The minimum investment is £1,000, and the platform reports having supported more than 375 startups and a portfolio value of over £2.5bn — figures that are company-stated and not independently audited here.

There is no secondary market: positions are illiquid and typically held for several years until an exit event such as a trade sale or further funding round.

The platform is intended for High Net Worth and Sophisticated Investors who meet FCA criteria and are comfortable with early-stage equity risk and illiquidity. Investments are illiquid (no secondary market) and typically require a multi-year holding period; investors should be prepared for the possibility of total capital loss common to seed and early-stage investing. SEIS/EIS reliefs can mitigate downside for qualifying UK taxpayers but do not eliminate the underlying investment risks.