Analysis

August 26, 2022

Why having dozens of angel investors is the new hot trend

A new suite of tech platforms make it easier to pool angels so they can write smaller cheques, reducing admin.


Eleanor Warnock

6 min read

Andy Ayim. Photo credit: Oscar Mager for Mind the Product

UK startup Lawhive has 31 individual angels and two institutional investors — 11 times more investors than people actually working at the startup when it raised $2m in April. 

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An image of the Bonnet cofounders, Eliot Makabu (left) and Patrick Reich (right).
The Bonnet cofounders, Eliot Makabu (left) and Patrick Reich
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Eleanor Warnock

Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

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