Sanjeev Gordhan is a commercial director for Newable Private Investing (NPI), formerly London Business Angels. As one of the longest standing business angel networks within the UK, NPI has over 500 active angel investors.
In the last two years, the company has facilitated over £30 million of investment into 51 early-stage business. ‘Being part of the Newable group, NPI is able to provide entrepreneurs with much more than just capital, thus ultimately adding greater value to their investors,’ says Gordhan.
Having begun his own business at a very young age, Gordhan has amassed vast experience in the world of start-ups and can relate to the entrepreneurs NPI works with. After selling his business, he went on to join a national wealth management firm. Looking after a client bank of HNW individuals and families, he specialised in VCT and EIS investments providing due diligence on funds in the market.
After completing his executive MBA, Gordhan combined his entrepreneurial and wealth management experience to join NPI, where he continues to work with HNW individuals and wealth managers to help them invest in deep technology businesses through active and passive strategies and various investment structures.
Newable has an established network of investment partners who co-invest alongside the firm. Investment risk is partly mitigated through a selection methodology and due diligence processes, and by looking to leverage the HMRC’s Enterprise Investment Scheme tax incentives, while investee companies enjoy access to the full range of Newable’s platform of business support services and products.
This year, Newable Investing launched its first Newable Ventures Limited (NVL) fund, targeting young companies that are wanting to scale up. With an initial raise of £10 million in the first year, the Newable EIS Scale-Up Fund 3 addresses the investment gap between seed stage and Series A, targeting high-growth early-stage companies that have moved from concept to a working business model, but don’t yet have the numbers to attract venture capital or private equity money.
Moving forward, NPI now aims to invest in seven to 10 businesses of this type, operating in knowledge -intensive industries through the EIS fund, with particular emphasis on the more specialist sectors of electronics, automation, medtech, and spacetech.