Business angel investing – a key source of finance for entrepreneurial businesses – is evolving from a fragmented and largely anonymous activity dominated by individuals investing on their own to one that is increasingly characterised by groups of investors investing together through managed...

The nature of angel investing has changed over the past decade with the emergence of angel groups and a new actor – the angel group manager, or gatekeeper, whose primary role is to undertake the initial screening of investment opportunities. Each of the individual members of the groups then...