Government funding pot makes 50th investment

Posted on 23 Dec 2014 by Victoria Fitzgerald
British pounds - image courtesy of Images_of_Money

Angel CoFund, a government-backed finance provider for SMEs, has made its 50th investment to personalised mobile manufacturer, OwnFone.

OwnFone, which produces bespoke mobile phones, is set to receive £250,000 in financial support, taking the company’s total backing up to £786,000. Other funding has been provided by London Business Angels, Renaissance Capital Partners and mobile industry executive Nigel Litchfield, who has now joined the board of OwnFone. The venture marks £22m worth of funding…

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