More female angels are needed to help invest in UK entrepreneurs, according to experts behind a new initiative.
Angels Lounge, a new joint initiative between investor network Angels Den and female wealth management firm Addidi, found that only seven per cent of UK angels are female, leading to an imbalance in those firms that receive funding. It has been claimed that the companies that do receive funding are ‘skewed’ towards those that appeal to male angels.
‘As women continue to earn and control more wealth the balance needs to be addressed to bring business angel investing more in line with the ownership of wealth in general,’ said Lois Cook of Angels Den.
‘Today, nearly half of millionaires under the age of 44 in Britain are women and yet we are not seeing a similar rise in women becoming involved in angel investing.’
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