Bangladesh Angels Network (BAN), and the Green Angels Syndicate (GAS), angel investment syndicate in the UK, have announced on Sunday to work together to source,cross-refer, and promote linkages on smart investment in technology-enabled startups with sustainable change in Bangladesh and UK to create an enabling environment for venture investing in both regions.
The two partners will jointly support in creating a pipeline of investment opportunities in areas of mutual interest in both regions, host joint-showcases (digitally), promote distance investing and culture in both angel communities, and engage in cross learning activities for both ecosystems said a press release.
CEO of Green Angel Syndicate, Nick Lyth, said "Green Angel Syndicate is very pleased to be paired up with Bangladesh Angels. This allows us to connect up both with new technologies emerging from Bangladesh, and also British Bangladeshi angels interested in investing in the fight against climate change and global warming. We hope to find co-investment opportunities, and share investment capability, in our joint efforts to help new businesses emerge".
CEO of Bangladesh Angels Network, Nirjhor Rahman, "As we enter our third year as an organisation, we are increasingly creating a global footprint, including a critical hub in the UK where a major portion of our membership currently live. We look forward to working with UK-based angel groups such as GAS in order to provide more novel investment opportunities for our members in the UK, as well as to create links between sustainability startups in the UK and Bangladesh."
The two partners are looking to promote green early-stage technology companies with revenue traction, a product/service in the market, a full-time team and clear fundraising plans and goals. Additionally, the parties will be conducting public workshops in the near future regarding early-stage investment.