Cambridge Angels Deal Sorcerer


The Cambridge Angels was founded in 2001 and has invested in over 100 technology startups, mostly in Cambridge and London. The group is regarded as one of the predominant angel groups in Europe and works with many of Europe's leading VCs. We are 60 angels, many of whom have built and sold world leading international technology businesses. The combined market capitalisation of companies founded by the angels exceeds $20 billion and employ many thousands of people. We provide capital and help with mentoring, building investment rounds, helping scale the companies and, eventually, exiting. 

This is a unique opportunity to work with some of Europe's leading early stage investors, sourcing and completing deals in innovative technology companies seeking global impact. We are seeking a new team member to join probably the most active Angel Investor group in Europe. We have been incredibly successful since our creation, however we believe we can do more!

Are you someone who can help us to:

  • develop our reach by building our networks for dual purpose; to attract high quality    opportunities from the best incubators / accelerators etc. and increase our Angel Investor activity?
  • help us make improvements to the way we work to make the funding process easier for entrepreneurs and to enable the Angels to focus on what they do best?

The role is based mainly in Cambridge, however there will be some travel to London/Oxford. You will spend a lot of time networking with angels and entrepreneurs both during the daytime and the evening and gain a great deal of experience.

As our members are all busy entrepreneurs or investors, you shouldn’t be afraid to badger us in order to get things done. Our environment and the way we work can be challenging, so you need to have resilience and embrace the fact that challenge is in our DNA!

The role will evolve as you gain experience in the business, so you need to be prepared for the unexpected and take it in your stride!

The salary reflects us being a membership organisation, and as this is a new role, it will initially be a 12 month fixed term contract with a view to extension. This is largely due to the way that we manage our budgets.

The role is 4 or 5 days per week and you will report to the chairman who is currently Peter Cowley and the Board. The chairman changes every 3 years. You will also have the benefit of the assistance from Oonagh, who has worked part-time for us for 9 years; you will be the manager of that role. And we are looking for someone who will stay with us for 3-4 years so that we can really benefit as you build up your knowledge of the start-up ecosystem.

If interested, please email Oonagh with your experience, qualifications for the role, your salary expectations and please let us know (briefly) why this role is of interest to you.

Key objectives

  • Increase the amount invested annually by the Cambridge Angels
  • Drive awareness of Cambridge angels as a source of finance to increase the pipeline of quality deals
  • Increase pipeline of quality investment opportunities and ensure that prime deals that could have received investment aren’t overlooked
  • Reduce time from initial enquiry to investment close
  • Provide support to reduce members’ time spent on investment project management and due diligence, where required
  • Evaluate and measure investment performance
  • Track member activity and maintain the number of active Cambridge Angels members
  • Improve our processes and how we work together

Main responsibilities

The main areas of responsibility of the CA Team and the new role are:



New Role

  • Define the network and establish means of regular contact to actively source deals
  • Collaborate with co-investors such as Cambridge Capital Group, Cambridge Enterprise, CIC, IQ and others   
  • Attend pitching events and other conferences and seminars
  • Create and maintain marketing activities to enhance the Cambridge Angel brand
  • Increase the pipeline of quality deals

CA Team

  • Maintain a database of network contact and network pipeline
  • Arrange events (dinners, pitching events, annual members’ events)
  • Maintain accurate and current public-facing information about CA


        Deal sourcing and screening

New Role

  • Maintain the member database (‘tagging’ interests and expertise) and proactively match deals to Cambridge Angel expertise/focus to assist in rapid screening
  • Proactively drive the pipeline from enquiry to pitching and timely follow up on deals of interest
  • Document and distribute pitch notes (where needed)

CA Team

  • Maintain the deal pipeline and deal database


Investment / Process

New Role

  • Support or project manage the administration of deals working with Cambridge Angel deal lead
  • Design and implement CA nominee structure (if agreed)
  • Evaluate processes and drive process improvement and professionalism
  • Project manage due diligence (if needed)
  • Create and maintain a list of template documents for investment and company administration

CA Team

  • Conduct due diligence activities (where needed)
  • Distribute template documents as required



New Role

  • Regular communications with portfolio companies
  • Maintain and build a network of external mentors, advisors and investors who can help the portfolio develop successful businesses

CA Team

  • Arrange regular portfolio events



New Role

  • Track and understand membership activity
  • Proactively target and acquire new members with relevant expertise

CA Team

  • Manage the membership base including facilitating applications by new members and current membership tracking
  • Manage membership subscriptions including facilitating payments, financial administration and tracking


Finance and management

New Role

  • Provide leadership and direction to the Cambridge Angel team
  • Provide annual financial reporting
  • Compile, analyse and present deal reporting (deal success measures, annual investment reports)



Cambridge ‘has fastest growing economy in the UK’

Cambridge had the fastest-growing city economy in the UK across the third quarter of 2017, according to a new report which also revealed that both of the country's most famous university cities are expected to thrive in the next 12 months.

These findings are a huge boost for Cambridge and highlight how the city is benefitting from industrial parks which are leading the way in fields such as wireless technology, display technology, and mobile telecommunications.

The UK Powerhouse study is produced by Irwin Mitchell and the Centre for Economics and Business Research (Cebr) and provides an estimate of GVA* growth and job creation within 45 of the UK’s largest cities 12 months ahead of the Government’s official figures.

Published this month, the research revealed that Cambridge’s GVA growth rate of 2.2% made it the top-performing city economy in the UK, with forecasts suggesting that the city’s predicted year-on-year growth rate of 2.19% in 2018 will also be the best of any major location.

Neighbouring Oxford is also set to have a strong 2018, with the city expected to be second on the table of top-performing economies with a growth rate of 1.99%. It also took sixth place in terms of Q3 2017 GVA performance with a growth rate of 1.9%.

Victoria Brackett, chief executive of Business Legal Services at Irwin Mitchell, said: “These findings are a huge boost for Cambridge and highlight how the city is benefitting from industrial parks which are leading the way in fields such as wireless technology, display technology, and mobile telecommunications.

“The city is also of course close to London which is hugely beneficial with the capital remaining a key economic hub.”

This latest edition of UK Powerhouse examines the impact that the education has on city economies across the UK, with Oxford being behind only London in terms of the GVA generated by its education sector. The city’s education sector grew by 4% between 2012 and 2015 to reach a value of £500 million.

In comparison, Cambridge’s education sector GVA stood at £319 million after achieving zero growth during the three-year period analysed.

The report notes the education sector makes a major contribution to economic growth within many areas surrounding universities and also offers recommendations on how it can continue to do so. These include:

  • Engaging in the work of Local Enterprise partnerships, particularly in support for innovation
  • Ensuring cities with a strong outflow of graduate age young workers have policies for retaining talent, with the Government also providing incentives for graduate recruiters to hire more in those areas
  •  Encouraging cities to improving infrastructure to optimise the movement of workers
  • Introducing large-scale affordable housing projects to appeal to graduates

Image: Top and bottom five cities by annual GVA growth, Q3 2017

Source: Office for National Statistics, Cebr analysis

*GVA = Gross Value Added

To read more information, click here.

Featurespace, the adaptive behavioural analytics technology company raises £16.5m

Featurespace, the adaptive behavioural analytics technology company raises £16.5m

Featurespace, the leading machine learning company for fraud prevention, has raised £16.5 million ($21.6 million) from a funding round led by Highland Europe, the venture capital firm that invests in growth businesses.

Worldpay Group plc, a leading global payment processing company, and Invoke Capital also participated in the round as new investors.

Myrtle, Deep Learning Technology Funding Round

Deep Learning Technology Funding Round

Myrtle Software has secured seed funding from the Cambridge Angels Group led by technology investor Robert Sansom. A number of well known business angels participated in the round including serial entrepreneur Robert Swann, artificial intelligence entrepreneur William Tunstall-Pedoe, IQ Capital and Dr. Adrian Weller of the Machine Learning group at Cambridge University.

Myrtle has been working on efficient hardware based deep learning technologies for a global auto maker, and has recently won contracts to further their research with the MoD as well as under the UK government’s autonomous systems program. The funding round will enable Myrtle to expand its core development team and launch a number of new technologies in the year ahead.

Lead Investor Robert Sansom, said “We are very impressed by the achievements of Myrtle’s team – by their unique blend of hardware, software and mathematical skills – and by the results they have demonstrated under existing contracts. Deep learning is having a big impact on data owners, so we’re excited to be participating in this round of company growth for Myrtle and to help them release their solution at-scale within data centers.”

Myrtle’s team of PhD mathematicians, computer scientists and hardware engineers have developed software to automatically realize deep learning algorithms as efficient silicon designs, capable of very high performance and low power usage. Demand for power efficient deep learning algorithms is well established and the market is expected to be worth more than $10B by 2024 (Tractica).

Myrtle’s technology constructs efficient neural network circuit designs automatically, without the need for FPGA hardware expertise. Christiaan Baaij, Lead Architect explains “It’s a unique approach that produces bespoke designs for each specific network and avoids the inefficiencies of existing methods that use intermediate languages such as OpenCL.” The approach is also highly scalable in terms of the resources that can be targeted on the FPGA: an important factor in commercial applications where running multiple neural networks together is becoming common.

Peter Baldwin, Myrtle’s CEO says “We have a fantastic team of talented engineers who have developed some unique capabilities here in Cambridge. Myrtle can provide a key component of the future cloud infrastructure that will radically improving speed and minimize costs. We are delighted to secure this investment round and anticipate rapid adoption of Myrtle’s technology”.

The advisors on the deal were Greenwoods and Taylor Vinters.