We are excited to announce that SGMA (Sol-Gel Materials & Applications) has successfully completed the transactions and closed a £500,000 (+£100k from existing shareholders) seed round to finalise the industrial scaleup of our award-winning paper coating technology. The round was managed by Angels Den Funding, an investment platform that matches a network of 19,000+ angel investors with early-stage technology start-ups. Throughout its history, Angels Den has raised funding for 270+ start-ups, which are now collectively valued at more than $1.5bn. Notable companies include Fat Lama, Bank of Telecom, CapDesk and, now, SGMA.
By working with Angels Den Funding, SGMA was able to find and welcome several strategic angel investors. Angels Den’s model is centred around identifying genuine common ground between entrepreneurs and investors who can add value beyond mere capital, positioning SGMA for continuous and rapid growth. A huge thank you to the team for their fantastic work, especially during such challenging times.