Green investor syndicate unveils fifth investment

AN EDINBURGH angel investor that specialises in the energy, water and green economy sectors has backed its fifth company since being founded two years ago.

Green Angel Syndicate’s support of Middlesbrough-based Catalysystems takes the total invested across the five companies to £3 million. The syndicate invested alongside local investors, the North East Technology Fund, managed by IP Group, and North East Finance, managed by North Star Ventures.

The total invested was £800,000 and follows on from an injection of £900,000 made into the business in July 2012.

Earlier this year, Catalysystems shipped its first full-scale demonstrator to a client site in Cumbria for further testing.

Catalysystems has also begun to explore export markets and has appointed a marketing agent in Oman and is in the process of completing a distribution support agreement in the water sector in India.

Nick Lyth, director of Green Angel, said: “Catalysystems is making strides in an important area of water treatment which requires urgent attention. Its progress in addressing the challenges industry is required to meet will bring benefits for water reuse everywhere.”

Green Angel, with 35 investors, was founded by Lyth and Colin Rogers in 2013.

Its other investments include Edinburgh-based Global Surface Intelligence (GSI), a data-mining company which focuses on turning earth observation data into commercially useful information about the environment. It is also supporting Hertfordshire-based GT Energy which develops, builds and finance and geothermal heat generation plants. Green Angel was recently runner-up in the UK Business Angels Association Syndicate of the Year awards.