Unquoted launches business angel network
- Added:
- Mar 30, 2001
The Unquoted Angels, a wholly-owned subsidiary of Insensia Group Ltd, will aim to provide funding of between 50,000 and 250,000 for companies with pre-IPO funding requirements.
The scheme will be facilitated by Unquoted.co.uk, which will be able to draw on its user base of “high net worth” individuals to provide smaller companies with funding.
Meanwhile, Insensia has announced plans for its own imminent flotation on OFEX, a move intended to underpin a global expansion of its financial news model to other markets akin to OFEX.
It also plans to build on Unquoted's model to move into the arenas of traditional publishing and financial services, as well as creating further websites focused on other under-researched markets.
Despite the recent market downturn, Insensia was optimistic, emphasising its intention to put a “sensible” value on the business.