The Angel CoFund is a government-backed fund in the UK.
Startups in the UK that are raising financing have a new route to funds in the shape of a government-backed fund which can super-charge an Angel round with extra cash. The UK government-backed fund, Angel CoFund ,is able to make initial investments of between £100,000 to £1 million into businesses, alongside syndicates of business angels. Angel CoFund launched in November 2011, and it was an early backer of Yplan, the events app which this year raised $12 million and PlayJam (a games maker for smart TVs). The fund started out investing in just some parts of the UK, but now it works nationwide. And it’s now had its first exit in its short, two year history.