About Archangels
Archangels is a venture capital firm founded in 1992. It is primarily based out of Edinburgh, United Kingdom. As of Sep 2026, Archangels is an active investor, having invested in 46 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series B round of Igii Overall, Archangels portfolio has seen 1 IPO and 16 acquisitions including key companies like GBG, Flexitricity and CSignum. A lot of funds co-invest with Archangels, with names like Scottish Enterprise sharing a substantial percentage of its portfolio. Archangels has team of 9 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Archangels' List of Top Investments
Archangels has a portfolio of 46 companies. Their most notable investments are in Hearing Diagnostics and PhysioMedics.Their portfolio spans across United Kingdom, Australia and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 18 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Archangels:
1. GBG
Platform offering fraud prevention solutions. It helps businesses to identify customers, verify customer location and keep businesses secure from fraud. Its solutions include identity verification, location intelligence, document verification, AML and KYC checks, compliant customer onboarding, and reducing the risk of fraud. It caters to various industries such as banking, gaming, insurance, and retail.
Key facts about GBG
- Founded Year: 1989
- Location: Chester (United Kingdom)
- Annual Revenue: £0 - £1M as on Mar 31, 2025
- Stage: Public
- Employee Count: 1,351 as on Apr 30, 2026
- Investors: Herald Investment Management, Frog Capital and 1 Other
- Latest Funding Round: Unattributed, 1995, $*****
- Highlight: Public
2. Earth Blox
Provider of a cloud and satellite-based location intelligence platform. Its offering includes land classification tools, geographical change detectors, data ser comparison tools, time-series analytic tools, and no-code drag-and-drop interface tools. It is applicable for risk modeling for insurnace, fire detection, carbon monitoring, environment monitoring, climate change analytics, and forest protection.
Key facts about Earth Blox
- Founded Year: 2019
- Location: Edinburgh (United Kingdom)
- Stage: Series A
- Total Funding till date: $9.85M
- Employee Count: 27 as on Aug 31, 2026
- Investors: ESA, Scottish Enterprise and 4 Others
- Latest Funding Round: Series A, Mar 23, 2026, $*****
- Highlight: Editors' Pick
3. Neuranics
Developer of magnetic sensing technology for next-generation wearable systems. The company uses magnetic sensing technology has potential applications in healthcare and can detect the magnetic fields generated by the muscles and the heart.
Key facts about Neuranics
- Founded Year: 2021
- Location: Glasgow (United Kingdom)
- Stage: Seed
- Total Funding till date: $10.3M
- Employee Count: 35 as on Aug 31, 2026
- Investors: Old College Capital, Creator Fund and 8 Others
- Latest Funding Round: Seed, Apr 09, 2025, $*****
- Highlight: Editors' Pick
4. Flexitricity
Provider of demand response services to National Grid in Britain. Their solutions include aggregated STOR and FCDM, Footroom and demand turn-up, post-fault despatch for distribution networks, and demand-side smart frequency control (SFC). Footroom, a demand turn-up service designed to make use of excess wind power by including industrial, commercial and public-sector sites paid to decrease generation or increase electricity consumption on request as per demand and supply.
Key facts about Flexitricity
- Founded Year: 2004
- Location: Edinburgh (United Kingdom)
- Annual Revenue: £0 - £1M as on Mar 31, 2025
- Stage: Acquired
- Employee Count: 75 as on Mar 31, 2025
- Investors: Gov and Archangels
- Latest Funding Round: Grant (prize money), Sep 11, 2018, $*****
- Highlight: Acquired
5. BioCaptiva
Developer of liquid biopsy technology to detect cancer. The company's technology sequences cfDNA isolated from the patient's blood and helps in genome analysis for monitoring and detecting cancer.
Key facts about BioCaptiva
- Founded Year: 2018
- Location: Edinburgh (United Kingdom)
- Stage: Seed
- Total Funding till date: $6.15M
- Employee Count: 10 as on Aug 31, 2026
- Investors: Scottish Enterprise, Old College Capital and 55 Others
- Latest Funding Round: Seed, Mar 09, 2026, $*****
- Highlight: Editors' Pick
Archangels' Year-on-Year Investment Trends
Archangels has invested in 46 companies over the last 34 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 3 investments in this year. Its most recent first time investment was in Bioliberty and most recent follow-on round was in Igii.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 2 | 3 |
2025 | 2 | 1 | 3 |
2024 | 0 | 2 | 2 |
2023 | 1 | 3 | 4 |
2022 | 2 | 8 | 10 |
2021 | 1 | 1 | 2 |
2020 | 2 | 5 | 7 |
2019 | 1 | 4 | 5 |
2018 | 2 | 3 | 5 |
2017 | 3 | 5 | 8 |
Archangels' Investments by Stage
Archangels has made 26 investments in Seed stage with an average round size of $1.73M, 6 investments in Series A stage with an average round size of $4.89M, 2 investments in Unattributed stage and 1 investment in Angel stage with an average round size of $945K.Stage of entry | No. of Investments |
|---|---|
Seed | 26 |
Series A | 6 |
Unattributed | 2 |
Angel | 1 |
Note: We have considered here, only first round of investments
Archangels' Investments by Sector
Archangels has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, HealthTech and Energy Tech. Notably, it has invested in 34 Enterprise (B2B) companies, 32 Tech companies, 15 Software companies and at least 14 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
High Tech | 12 |
Life Sciences | 10 |
HealthTech | 7 |
Energy Tech | 4 |
Others | 33 |
Note: We have considered here, only first round of investments
Archangels' Investments by Geography
Archangels has made most investments in United Kingdom (34), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
United Kingdom | 34 |
United States | 1 |
Note: We have considered here, only first round of investments
Archangels' recent investments
Archangels has made 3 investments in 2026 so far. Igii and Bioliberty are the latest among them.Here are the most recent investments by Archangels:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 16, 2026 | United Kingdom | Series B | 2080 | ||
Mar 18, 2026 | United Kingdom | Series A | 6260 | ||
Mar 09, 2026 | United Kingdom | Seed | 8378 | [+3] | |
Nov 17, 2025 | United Kingdom | Seed | 3993 | [+1] | |
Apr 22, 2025 | United Kingdom | Series A | 9035 | [+5] |
IPOs and Publicly Listed companies in Archangels' Portfolio
1 of Archangels' portfolio company became public - GBG. It got listed on the London Stock Exchange (LSE), in Aug 2010.Here are Archangels' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 27, 2010 | 1995 | Unattributed | 5222 |
Acquired companies in Archangels' Portfolio
16 companies from Archangels' portfolio have been acquired. The most recent acquisition was Flexitricity in Jan 2026 by Drax for $*****.Here are Archangels' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 21, 2026 | 2005 | Seed | 5802 | |
Aug 18, 2025 | Mar 28, 2017 | Seed | 1242 | |
Jan 18, 2023 | Sep 25, 2012 | Seed | 3607 | |
Jan 27, 2022 | Apr 22, 2016 | Series A | 7299 | |
Jul 17, 2020 | Apr 22, 2025 | Series A | 7525 |
Team profile of Archangels
Archangels has a team of 9 members including 5 Partners located in United Kingdom. Archangels' team does not sit on the board of any company as of now.Here is a list of all team members in Archangels:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Edinburgh | - | ||
Partner | Edinburgh | - | - | |
Partner | United Kingdom | - | - | |
Partner | Edinburgh | - | - | |
Partner | - | - | - |
Co-investors of Archangels
Over the past 34 years, 64 investors have co-invested in Archangels's portfolio companies. This includes funds and angels.
- Invested before Archangels: Scottish Enterprise, Par Equity and 7 others have invested in rounds before Archangels. There are 2 companies where Scottish Enterprise has invested before Archangels and 1 company where Par Equity has invested before Archangels.
- Top Co-investors of Archangels: 22 investors entered a company along with Archangels. These include investors like Scottish Enterprise (17 companies).
- Invested after Archangels: A total of 33 investors have invested in Archangels's portfolio after their investments. Top Investors include Scottish Enterprise (8 companies), Europa (4 companies) and PXN Ventures (3 companies).
Recent News related to Archangels
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Archangels backs Scotland’s most promising scale-ups with £17.9 million in H1 2026UKBAA•Jul 20, 2026•Archangels
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AP Bioliberty Raises $10.2M to Build Functional Intelligence Capabilities for Post-Acute CareBakersfield•Mar 19, 2026•Bioliberty, The Scottish National Investment Bank, Archangel, Eos Advisory and 5 others
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Biocaptiva Raises £1.58M in New FundingFinSMEs•Mar 09, 2026•Blackbuck Insights, BioCaptiva, Archangels, Old College Capital and 1 other
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McKenzie chairs new board at Angel Capital ScotlandDaily Business•Jan 19, 2026•Angelcapital Scot, Tricapital, Equity Gap, Archangels
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Data transmission firm CSignum raises £6 millionDaily Business•Apr 22, 2025•CSignum, Archangels, Par Equity, Scottish Enterprise and 4 others
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CSignum Secures €6.9 Million in Series A FundingEU-Startups•Apr 22, 2025•CSignum, Archangels, Par Equity, Scottish Enterprise and 4 others
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Biotech boom - Edinburgh's Archangels helps propel Scottish start-ups with £27.3 million investmentsThe Scotsman•Dec 30, 2024•Archangels, The Scottish National Investment Bank, Edinburgh University
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