Jenny is CEO of the UK Business Angels Association, the trade body for angel and early stage investing, representing over 15,000 investors around the UK. Jenny has over 20 years’ experience of facilitating SMEs access to investment, both in the UK and internationally. She ran her own consultancy on Access to finance for SMEs, including spending nine years based in Brussels, working closely with the EC. She has developed a wide range of investment readiness programmes, including projects supported by national and EU funding. She has also participated in a number of expert groups on access to finance and chaired the EC Knowledge Intensive Services group under DG Enterprise. In 2006 she took on the role of Director of Business Development at Greater London Enterprise. In 2009, Jenny co-founded Angel Capital Group and which incorporates London Business Angels, one of the most established and active angel networks in the UK.
Jenny sits on the Steering Group for Emerging Technologies and Innovations for Innovate UK, is on the Advisory Group for the Enterprise Research Centre , member of the Mayor of London’s SME and Finance Working Group and sits on the Advisory Board for the new London Co Investment Fund. Jenny is an experienced speaker on Angel Investing and Entrepreneurship both in the UK and internationally. She has an MSc in Economics from London School of Economics and Political Science. Jenny was awarded an OBE in the New Years Honours 2015 for services to Small Businesses.
|Type of Investor||Business Angel and Angel Network|
|Country/City||United Kingdom, London|
|Sectors invests in||All sectors|
|Average time to finalize a deal||* **3 months** is usually a realistic time period. It can go quickly and you can be lucky and do a deal in 4-6 weeks, if the entrepreneur has all the documents ready. * It may depend on the amount being raised and whether it is an SEIS deal. * If you are raising over £50k an angel syndicate usually gets involved. * You can aim for a term sheet within a month – beyond that it can get slowed down by legal processes. * The term sheet shows the interest and commitment from the investor. * Then you will go into deeper due diligence and legals – which often slows things down. Usually because the entrepreneur does not have the information ready. * Make sure you use template legal documents to help you get started such as those on the UKBAA web-site. * There are also certain times when it can be more difficult to get a deal closed such as at Christmas and during holiday season – that can be very frustrating for entrepreneurs.|
|Blog||Jenny Tooth OBE's blog|
"You want to keep up the momentum. Angel investors walk away if things slow down too much – we get bored!
There is always another bus coming down the road!"