# Archangels: portfolio, investments and team

> Archangels is an angel network based in United Kingdom. 23 investments on record, 5 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/archangels (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Archangels

Last cheque observed Sep 2026; 23 cheques on record.

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Deploying now Angel network

Seed Series A Series B Technology Life Sciences

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Deploying now

**100%** of best year **5** **cheques in 12 months**, 23 on record

Since the last cheque **45** days **00** hrs **00** min **00** sec

Median round **$2.9M** Cheque size, as they say **$100K – $5.0M** Rounds led **2 of 23** Sole investor **4 rounds** Exits **1 from the portfolio** Mostly in **United Kingdom, 96%**

Pitch Archangels

## Archangels highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Venture and Series A: 63% of its rounds
- 03 Sole investor in 4 rounds, median $1.6M
- 04 1 exits from the portfolio

## What they do

> Archangels is the longest continuously operating business angel syndicate in the World. Investing in IP-rich tech & life sciences companies in Scotland, UK. From their own website

- **Type:** Angel network (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Technology Life Sciences
- **Based in:** Edinburgh, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **23 appearances**

- **2026** 4 rounds
- **Sept** **[iGii](https://millionrounds.com/company/igii)** Series B · GB · Archangels **$16M** With 4 others
- **Mar** **[Bioliberty](https://millionrounds.com/company/bioliberty)** Series A · GB · Archangels **$11M** With 8 others
- **Mar** **[Earth Blox](https://millionrounds.com/company/earth-blox)** Series A · GB · Archangels **$8.0M** With 3 others
- **Mar** **[BIOCAPTIVA](https://millionrounds.com/company/biocaptiva)** Seed · GB · Archangels **$2.1M** *Led*
- **2025** 1 round
- **Nov** **[1nhaler](https://millionrounds.com/company/1nhaler)** Seed · GB · Archangels **$2.0M** *Led*
- **2019** 2 rounds
- **Sept** **[CALCIVIS](https://millionrounds.com/company/calcivis)** GB · Markets **$5.5M** Sole investor
- **Feb** **[Administrate](https://millionrounds.com/company/administrate)** GB · Londonlovesbusiness **$2.9M** With 1 other
- **2018** 2 rounds
- **Oct** **[Speech Graphics](https://millionrounds.com/company/speech-graphics)** GB · Insider **$2.5M** With 1 other
- **May** **[Canopy](https://millionrounds.com/company/canopy)** Series A · US · FinSMEs **$2.4M** With 4 others
- **2014** 1 round
- **Sept** **[MGB Biopharma](https://millionrounds.com/company/mgb-biopharma)** Series B · GB **$6.4M** With 3 others
- **2013** 2 rounds
- **Apr** **[Inquisitive Systems](https://millionrounds.com/company/inquisitive-systems)** GB · finsmes.com **$765K** With 2 others
- **Feb** **[LUX Assure](https://millionrounds.com/company/lux-assure)** GB · finsmes.com **$5.0M** With 2 others
- **2012** 3 rounds
- **Nov** **[Blackford Analysis](https://millionrounds.com/company/blackford-analysis)** Seed · GB · finsmes.com **$1.3M** With 1 other
- **Nov** **[Calcivis](https://millionrounds.com/company/calcivis)** Venture · GB · finsmes.com **$1.9M** Sole investor
- **Nov** **[NCTech](https://millionrounds.com/company/nctech)** Venture · GB · finsmes.com **$1.3M** Sole investor
- **2011** 1 round
- **Oct** **[Touch Bionics](https://millionrounds.com/company/touch-bionics)** GB · finsmes.com **$3.9M** With 1 other
- **2010** 3 rounds
- **Jun** **[Ateeda](https://millionrounds.com/company/ateeda)** GB · ateeda.com **$751K** With 2 others
- **Mar** **[MGB Biopharma](https://millionrounds.com/company/mgb-biopharma)** Series A · GB · mgb-biopharma.com **$3.0M** With 3 others
- **Jan** **[Touch Bionics](https://millionrounds.com/company/touch-bionics)** Grant · GB · finsmes.com **$1.3M** Sole investor
- **2009** 1 round
- **Mar** **[Adventi](https://millionrounds.com/company/adventi)** Venture · GB · adventi.com **$840K** With 1 other
- **2008** 2 rounds
- **Feb** **[CXR Biosciences](https://millionrounds.com/company/cxr-biosciences)** Venture · GB · cxrbiosciences.com **$2.6M** With 1 other
- **Jan** **[Powerphotonic](https://millionrounds.com/company/powerphotonic)** Venture · GB · dcconsult.co.uk **$979K** With 1 other
- **2005** 1 round
- **Jul** **[Adventi](https://millionrounds.com/company/adventi)** Venture · GB · highbeam.com **$2.1M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **13** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Portal

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[CXR Biosciences](https://millionrounds.com/company/cxr-biosciences)** Bought by Concept Life Sciences **Undisclosed** Aug 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$2.9M** the round, not its cheque Alone, median **$1.6M**

Led 2 of 23 rounds **9%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 4 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *6*
- Series A said *4*
- Seed said *3*
- Series B said *2*
- Grant *1*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) 13
- [TRICAPITAL](https://millionrounds.com/fund/tricapital-angels-limited) 3
- [Barwell Plc](https://millionrounds.com/fund/barwell-plc) 2
- [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) 2
- [PXN Ventures](https://millionrounds.com/fund/pxn-ventures) 2
- [Par Equity](https://millionrounds.com/fund/par-equity) 2

**Pitching Archangels?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Archangels. A count of rooms they were both in, not a relationship either has claimed.

[**Scottish Enterprise** Government **13** rounds together](https://millionrounds.com/fund/scottish-enterprise)[**TRICAPITAL** Angel network **3** rounds together](https://millionrounds.com/fund/tricapital-angels-limited)[**Barwell Plc** VC firm **2** rounds together](https://millionrounds.com/fund/barwell-plc)[**Old College Capital Lp** VC firm **2** rounds together](https://millionrounds.com/fund/old-college-capital)[**PXN Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/pxn-ventures)[**Par Equity** VC firm **2** rounds together](https://millionrounds.com/fund/par-equity)

## Recently backed

The latest companies Archangels put money into.

[**iGii** $16M · Sept 2026](https://millionrounds.com/company/igii)[**Bioliberty** $11M · Mar 2026](https://millionrounds.com/company/bioliberty)[**Earth Blox** $8.0M · Mar 2026](https://millionrounds.com/company/earth-blox)[**BIOCAPTIVA** $2.1M · Mar 2026](https://millionrounds.com/company/biocaptiva)[**1nhaler** $2.0M · Nov 2025](https://millionrounds.com/company/1nhaler)[**CALCIVIS** $5.5M · Sept 2019](https://millionrounds.com/company/calcivis)

## Quick answers about Archangels

### What does Archangels invest in?

Archangels invests most often at Venture and Series A (63% of the rounds on record), in sectors such as Technology and Life Sciences.

### How active is Archangels?

23 investments on record, 5 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has Archangels invested in recently?

Its most recent investments on record: iGii (Series B, Sept 2026), Bioliberty (Series A, Mar 2026) and Earth Blox (Series A, Mar 2026).

### How big are Archangels's cheques?

The median round it joins is $2.9M. It says it writes cheques of $100K to $5.0M.

### Does Archangels lead rounds?

Sometimes: it led 2 of its 23 investments on record (9%).

### Where does Archangels invest?

Most of the companies it backs are in the United Kingdom (96%).

### Is Archangels investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does Archangels invest alongside?

Most often Scottish Enterprise (13 rounds together), TRICAPITAL (3 rounds together) and Barwell Plc (2 rounds together).

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