City’s business angels descend on Film Museum

THE MOST celestial of the UK’s investors and early stage entrepreneurs descended on the London Film Museum last night for the Annual Investment Awards, hosted by the UK Business Angels Association.

Sir Nigel Rudd, chairman of the Angels, arrived rather hot and sweaty, having sprinted down the embankment to arrive in time for dinner: “My driver dropped me off at the British Film Institute – and then promptly said goodbye,” he told The Capitalist.

At least he found time to change into his DJ for the black tie event. Angel investor and founder of Innocent smoothies Richard Reed – dressed down in a grey t-shirt – was telling budding entrepreneurs why he always wanted to run his own business: “I was working in a dog biscuit factory and had to pick up the treats on my hands and knees – I asked the manger for a broom, only to be told I was the broom.”

Angel Investor of the Year went to ex-City lawyer and Wren Capital founder Rajat Malhotra. Blur Group’s listing on Aim won them Best Angel Backed Exit, charitable gaming firm PlayMob took best Social Impact Investment and mobile app firm YPlan – founded by two ex-investment bankers – was awarded Venture Capital Deal of the Year.