Eos Advisory LLP has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.
Eos is an impact investing firm that seeks to support early-stage firms that look to address societal and environmental challenges worldwide. Eos focuses on four key areas: i) disease diagnosis, prevention, and treatment; ii) energy security, climate change, and pollution; iii) food and water security; and; iv) sustainability of industrial processes and infrastructure.
Andrew McNeill, Managing Partner, Eos, said the money will enhance their ability to big back to some of Scotland’s most promising science and tech firms.
Eos portfolio companies are now at 19, with the latest investment in Edinburgh-headquartered robotic rehabilitation specialist, Bioliberty, during Q1.
Recently, Eos hired Jill Arnold, former Head of SIS Ventures, as its Investor Relations Director.
Judith Hartley, CEO of British Business Investments, said that by investing alongside Eos’s Angel Syndicate and EIS Innovation Fund, the funding will support early-stage science and technology companies in Scotland and across the UK.’