These are the slides that accompanied the Q1 2021 Quarterly Investment Briefing for West of England on 25th March. The event included lightning talks from Richard Cobb Michelmores MAINstream, Oliver Woolley CEO Envestors and Gaurav Singh JPIN Venture Catalysts. Slides 68-70 include information about those 17 companies that are actively raising investment in Q1 2021. Check out the disclaimer - these aren't recommendations, just information.

1. Q1 Quarterly
Investment Briefing
Angel investment
Thursday 25th March
#QIBriefing

2. QIB Guiding Principles
Those who attend the Quarterly Investment Briefing share
three common principles:
• Whoever attends is an active or potentially active investor, or
manager of investors – or enabler of investment activity.
• Whatever is presented is informative, fact-based and regionally
relevant.
• We value the opportunity to learn equally with the opportunity to
share.

3. Silicon Gorge Investor Showcase : 2pm 29th April
• Looking for between £100k and £2m
• Industry range includes Fintech, Biotech, Healthtech, Immersive, Edtech,
Sportstech, Wellbeing, Robotics, Deeptech
• 3 stage process : 60+ applications - 22 Companies at Pitching Competitions -
10 finalists at Showcase
• Invites to follow
• Contact abby@techspark.co for more details

4. Agenda
12:35 – 12:45 Welcome and scene setting
12:45 - 13:30 Lightning Talks
+ Richard Cobb, Michelmores MAINstream
+ Oliver Woolley, Envestors
+ Gaurav Singh and Nayan Gala, JPIN Venture Catalysts
13:30 - 13:45 Beauhurst data & who’s raising
13:45 - 14:30 Networking - 4 minute conversations

5. • In 2020 Bristol & Bath was the 3rd largest hub for tech investment in the UK
(after London and Oxford) with businesses raising $414m.
• Bristol & Bath is ranked 12 across Europe for investment in tech ahead of
places such as Barcelona, Cambridge & Madrid.
• The SW now has almost 17,500 firms in the tech sector employing 68,000
people and turning over £9bn.
• “Investment in UK nations and regions has remained strong through the
pandemic with regions such as the South East, South West and West
Midlands posting record years.”

6. Raised successfully in Q1 2021 (29)
West of England
Graphcore
Processor optimised for machine-learning tasks
Domin Fluid Power
manufactures fluid power systems such as hydraulics and
pneumatics. Specialises in metal 3d printing.
3Radical
App used by brands to increase customer engagement by
setting challenges for customers
MoneyHub Enterprises
Develops software designed to allow businesses
to aggregate and analyse customers financial
data
+Zentraxa
+Herschel Energy
+Neuro AI
+iKue
Neighbourly
Connects local charities or causes with businesses
that wish to donate money
The Bunch
Develops software designed to allow people in shared
living arrangements
eXmoor Pharma Concepts
Consultancy services, supporting businesses to
deliver and commercialise cell and gene therapies
CytoSeek
Develops cell membrane augmentation technology

7. Raised successfully in Q1 2021 (60)
South West
Graphcore
Processor optimised for machine-learning tasks.
Wildanet
Produces a system designed to integrate Cloud, WiFi
and similar internet requirements into one service.
Invstr
Operates an online trading platform.
Burrington Estates
Develops and sells commercial and residential properties.
eXmoor Pharma Concepts
Consultancy services, supporting businesses to
deliver and commercialise cell and gene therapies
Teignbridge, Devon
Exeter, Devon
South Gloucestershire
Bristol
Cornwall
£160m+
£50m
£32m
£14m+
£12m

9. Angel Investment sources in the South West
Bristol Private Equity Club
(BPEC) and BPEC SEED
Michelmores MAINstream
Inclusive Angels
Dorset Business Angels
Minerva Angels
Surrey 100
Angels Invest Wales
Severn Seed Finance
Whiteoak Capital
Plerith
Science Creates Ventures
Deepbridge Syndicate
Farm491
Crowdcube
MyLor Ventures
Ada Angels
Angel Investors Club

10. Richard Cobb
Senior Partner
Michelmores MAINstream
@MichelmoresLaw

11. Supporting Tech business growth in the SW

12. • For up to 10 early stage businesses that are ready grow
• Providing a dedicated support package and network
• Full legal service and 25% discount on fees for 12 months
– Financial services and Fintech
– Energy and renewables
– Satellite and space technologies
– Agriculture and agritech
– Health and wellbeing
– Luxury retail and leisure
– Cyber security and Big Data
– Environmental and sustainable businesses

15. • Registered with the UK Business Angels Association
• A proper network of up to 50 business angel investors,
• Not open to advisers (unless primary investors)
• Ability to invest £25,000, but no actual minimum
• 4 pitch events a year, plus live IM sharing and Slack
• No member or pitch fees and no KPIs!
• Rotating selection panel- majority of member angels
www.michelmores.com/mainstream

16. Recent pitching companies

17. Key Michelmores Contacts
Richard Cobb
Senior Partner
Head of Corporate
Richard.Cobb@Michelmores.com
07767 700269
Tom Torkar
Partner
Commercial, Technology & Innovation group
Tom.Torkar@Michelmores.com
07715 069473

18. Oliver Woolley
CEO
Envestors
@EnvestorsLondon

19. Envestors
Connecting Entrepreneurs and Investors
Quarterly Investment Briefing
Thurs 25th March 2021

20. Oliver Woolley, CEO and Co-Founder of Envestors.
Envestors’ digital investment platform brings together
entrepreneurs and investors across geographies,
communities and sectors – creating the single marketplace
for early-stage investment in the UK.
envestors.co.uk
We're Envestors

21. Our connected
network
21
6,000+
INVESTORS
£112M
INVESTED
212
COMPANIES

22. Accolades & Accreditations
Founder Members
(Board role 2008-14)
“Most active angel network in the UK”,
Nov 2020
Board Members
Regulated since 2004
Won three times

23. What returns do our investors make?
Envestors The Market Diff.
Successes (30%+ IRR) 12% 9% +33%
Middle-ing (0%-29% IRR) 67% 35% +91%
Failures 21% 56% -63%

24. Envestors success stories
2008 £15m £130m
£2m valn Exited 2018
Raised 2010/11
2009 £1.85m £700m
£1m valn Valuation 2019
Raised 2010
2005 £250k £13.2m
Founded 3 investors (x77)
3 investors

25. Challenges and
opportunities of
angel investment

26. Investors’ reactions: post Covid-19
Cautious: supporting existing investments. “keeping powder dry”
Opportunistic: still some outstanding investment opportunities
Reason for investment: to fund growth? Or to keep the lights on?

27. Increase the chances of investment
Investment ready: Ensure you have ALL the info an investor
requires, incl balance sheet, legals, cap table, achievements to date
Valuations: the market awash with over-valued opportunities going
nowhere.
Build a Board: non-exec Chair and non-exec to help fundraise and
steer the company
Connect: with your own sectorial and local communities

28. Valuation Appropriate for risk, stage and future potential
Management Full time, experienced management team
Board Independent Chair and NED
Potential Potential for explosive growth
Tax Relief Enterprise Investment Scheme (EIS)
Exit Understanding of how the investor will make a return
What does a “good” deal look like

29. How we can help

30. The digital platform
matching fundraising
companies and
investors
The Envestors platform
allows investors to pledge
funds online, and networks to
share deals and secure more
funding for their cohorts.

31. Companies get
help getting
investment ready
Source: Mason and Harrison
Only 2% of early-stage businesses are
successful in raising investment.
60% of pitch decks are rejected within 30
minutes of their pitch.
We guide early-stage companies through
valuation, go over their pitch and connect
them to investors.

32. Investors gain
access to the best
opportunities –
wherever they are
Through our digital platform, We
connect entrepreneurs and investors
across geographies, communities and
sectors.
Regardless of where you are based,
you gain access to the best
opportunities across the country.

33. Get in touch
Oliver Woolley
CEO
oliver@envestors.co.uk
Envestors Limited, 70 Colombo Street • London SE1 8EE, UK. +44 (0)20 7240 0202 envestors.co.uk
Envestors Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the UK.
Firm Reference Number (FRN) 523592.
Envestors is incorporated in England & Wales, registration number 07236828.

34. Gaurav Singh
JPIN Venture Catalysts
@JPINLtd
Nayan Gala
JPIN Venture Catalysts

54. Identifies 466 companies that have received
Equity Investment in West of England

57. Total amount raised
West of England

58. Sectors

59. Top Funders
by number of
fundraising

60. Top funders by
value of
fundraising

61. Raising equity funding Q1 2021
The activities of the Investment Activator Programme (and specifically the Silicon Gorge Pitch Competition, Quarterly Investment Briefing and Pitch Me events) do not give advice on the risks of investment and are not authorised to
carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’). Before investing in a project about which information is provided herein, potential investors are strongly recommended to take advice from a
person authorised under the Act who specialises in advising on investments of this nature. Opportunities showcased here have been reviewed and selected NOT verified.
An open call to anyone, not vetted or reviewed.
16 £7.8m
Companies In total
2 x £2m

62. Raising Q1 2021 – Series B - £16M - Marine/industrial Robotics
The activities of the Investment Activator Programme (and specifically the Silicon Gorge Pitch Competition, Quarterly Investment Briefing and Pitch Me events) do not give advice on the risks of investment and are not authorised to
carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’). Before investing in a project about which information is provided herein, potential investors are strongly recommended to take advice from a
person authorised under the Act who specialises in advising on investments of this nature. Opportunities showcased here have been reviewed and selected NOT verified.
Rovco spin-off Vaarst
announced their Series B raise
earlier this week.
Vaarst is driving the future of
offshore robotics through
data, AI and real-time 3D. We
let you retrofit intelligence
and autonomy to all your
subsea vehicles and projects.

63. Raising Q1 2021 – an open call £350k +
Persona Education £500k
Tackling the teenager wellbeing crisis with
personality insights based social-emotional life skills
e-learning for schools.
TEKTowr Ltd £500k
Provides a range of software engineering services,
specialising in the security sector.
Marine Minerals Limited £2M
Work in the recovery of minerals from waste
material in the marine environment.
The activities of the Investment Activator Programme (and specifically the Silicon Gorge Pitch Competition, Quarterly Investment Briefing and Pitch Me events) do not give advice on the risks of investment and are not authorised to
carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’). Before investing in a project about which information is provided herein, potential investors are strongly recommended to take advice from a
person authorised under the Act who specialises in advising on investments of this nature. Opportunities showcased here have been reviewed and selected NOT verified.
Liketobe Ltd £500k
Offers online service to connect teachers and their
pupils with professionals for career advice.
Agrantec £2M
Food traceability software as a SaaS service.
InsideOut Living £400k
Established ecommerce business selling
furniture for inside and outside the home.
Stratiphy £350k
Provides tools to investors.

64. Raising Q1 2021 – an open call £250k+
Bookbarn International £250k
Developing technology to manage the cataloguing,
listing, warehousing and pick and pack of books.
Neuron Innovations Ltd £250k
Provides revenue incentives to infrastructure
operators to deploy 3rd party ground-based
surveillance sensors.
The activities of the Investment Activator Programme (and specifically the Silicon Gorge Pitch Competition, Quarterly Investment Briefing and Pitch Me events) do not give advice on the risks of investment and are not authorised to
carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’). Before investing in a project about which information is provided herein, potential investors are strongly recommended to take advice from a
person authorised under the Act who specialises in advising on investments of this nature. Opportunities showcased here have been reviewed and selected NOT verified.
Evershare £280k
Develops payment processing software that
enables the third sector to receive donations
using QR codes.
My Pet Partnership £300k
Develops software to reduce costs and improve
the quality, accessibility and affordability of
veterinary healthcare.
3Cell Innovative Solutions £300k
Full end-to-end autonomous drone
telecommunications survey solution for 5G base
stations.
Good with £300k
Personalised Financial Education Virtual Assistant
driven by innovative use of Financial Data.

65. Raising Q1 2021 – an open call £150k+
The Fence Feature Film £40k
Award winning South West filmmakers embarking on the
production of a full length feature film titled 'The Fence'
destined for commercial release.
Crowdfund, end March 2021.
The activities of the Investment Activator Programme (and specifically the Silicon Gorge Pitch Competition, Quarterly Investment Briefing and Pitch Me events) do not give advice on the risks of investment and are not authorised to
carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’). Before investing in a project about which information is provided herein, potential investors are strongly recommended to take advice from a
person authorised under the Act who specialises in advising on investments of this nature. Opportunities showcased here have been reviewed and selected NOT verified.
Spherics £140k
The Intelligent Carbon Neutrality platform. We help
businesses track their environmental impact, reduce
their footprint and achieve Net-Zero Carbon.
See Thru Networks £150k
Reduces costs and increases revenue for tech
providers, their partners and their SMB end users..

66. Review company investment summaries here:
https://platform.investwest.online/groups/qib/signup/investor

67. Silicon Gorge Investor Showcase : 2pm 29th April
• Looking for between £100k and £2m
• Industry range includes Fintech, Biotech, Healthtech, Immersive, Edtech,
Sportstech, Wellbeing, Robotics, Deeptech
• 3 stage process : 60+ applications - 22 Companies at Pitching Competitions -
10 finalists at Showcase
• Invites to follow
• Contact abby@techspark.co for more details

68. Quarterly
Investment
Briefing
For your diary:
Thursday 17 June 12:30
Investment Funds
Science Creates Ventures, Ada Ventures + Foresight Williams Technology Funds