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Newcastle angel investor group CIP named as one of the best in the UK

A Newcastle investment group has been named as one of the country’s top angel investors after its first year in business.

Conviction Investment Partners (CIP) has been named by the UK Business Angels Association as one of the UK’s top three angel groups after raising $30m for start-up firms.

The syndicate was launched by Jeremy Middleton and Andrew Jenkins, who came together after each finding success investing in firms individually.

“We have been investing as a group of individual investors for a long time, since 2006, but we have been together as a syndicate since January,” said Mr Middleton. “We want to be the financiers for businesses that we really believe in and that requires a larger sum of money to invest.

“We want to invest, but we want to be finding all the funding that a business needs.”

Since it was formed at the start of the year, CIP has made a number of successful investments, with its most noticeable being in iZettle. The Swedish company created the world’s first mini chip card reader and software for mobile devices, meaning that small businesses could access card payment services.

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