Central England Business Angels: The first to gain investment from the social impact Co-Investment Fund

29 May 2012

Central England Business Angels is pleased to have introduced the first investment to the Social Impact Co-Investment Fund. It was fortuitous that we were working with Nu Drive, a company producing a new design for wheel chair leveraged propulsion, at the point when FSE approached us with the Social Impact Fund. We immediately saw a match between the social impact of Nu Drive and the need for additional money while preserving equity. The perfect solution was the contribution from the Fund, which both satisfied the company’s need for an infusion of cash, while maintaining the Angel investment value.