Equity Gap has announced several new board member and advisory appointments, as it looks to expand its relationships with next-stage funders and enhance exit capability.
Tracey Ginn, US and UK corporate partner at MBM Commercial; Rachel Jones, entrepreneur and founder and chief executive of SnapDragon Monitoring, and Brian Williamson, chair at 4ICG; will join as non-executive directors, while Stuart Paterson, partner at Scottish Equity Partners, will become a board advisor.
Founder Jock Millican and fellow director Fraser Lusty will remain as executive board members, with Wright Johnston Mackenzie partner Ken Long retaining his advisory role.
The Edinburgh-based angel investment syndicate has a portfolio of 38 early-stage companies across a range of sectors, including food and drink, life sciences, fintech and software-as-a-service.
Recent additions to the portfolio include PneumoWave - formally known as Altair Medical - which is developing a remote respiratory monitoring solution, and Ulemco, a hydrogen commercial vehicle conversion company.
Equity Gap members have invested £25m directly over the last 11 years, leveraging further funding of over £100m and creating at least 450 jobs in Scotland and beyond. Matched funding for some deals comes from the Scottish Co-Investment Fund run by Scottish Enterprise.
Millican commented: "These new appointments come at an exciting time for Equity Gap, as we build our capabilities in next stage funding and exit readiness.
"We look forward to having the diverse knowledge and experience of Tracey, Rachel, Brian and Stuart to support us in this development."
Equity Gap was established in 2010 with 15 members.
Its co-investment partnerships with the Scottish Investment Bank typically see investments of between £100,000 and £500,000 for scale-up opportunities across a range of sectors in Scotland.
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