Errol Damelin News
3 articles
growth-positive
Q&A: Angel investor Errol Damelin picks problems for which he wants to find solutions
The article mentions Errol Damelin, the founder of fintech lending platform Wonga, who is known for investing in 70 start-ups globally. Damelin is an angel investor specializing in backing technology businesses. He provides financial backing to small start-ups or entrepreneurs in exchange for ownership equity in the company.
Investment
growth-negative
Wonga's Errol Damelin scores 9900% return on angel investment in Cazoo & Wise
Errol Damelin, founder of Wonga, has become a successful angel investor with his portfolio companies Wise and Cazoo securing billion-dollar exits. Damelins stakes in Wise and Cazoo reached a combined worth of £11.6m when the companies listed, resulting in a 108x return on his original investments. Damelin has a heavy presence in the fintech sector, with around 40% of his investments being in fintech companies. He is also focused on diversity, aiming to have a portfolio of founders that is 50% non-white male. Damelin is known for being a hands-on mentor and is passionate about getting companies off the ground. He has a low profile and demands discretion among his portfolio founders. Damelins success as an angel investor contrasts with the downfall of Wonga, which fell into administration in 2018.
Investment
growth-positive
Fintech's top angel investors
The article discusses the growth of the fintech industry in Europe, fueled by angel investors who have injected over €612m into European fintechs in the past year. The article identifies the top fintech angels in Europe based on their investments in Fintech50 companies. The top investors include Chris Adelsbach, Taavet Hinrikus, Charlie Songhurst, Perry Blacher, Tom Stafford, Tanya Blacher, Baroness Denise Kingsmill, and others. The article also mentions notable angel investors in Germany, France, and Sweden. Angel investing is seen as critical for startups and provides more widely distributed venture capital. The article highlights the need for more diversity in angel investing, particularly in terms of gender balance.
Investment