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London, UK. February 10, 2014: KPMG, the UK Business Angel Association (UKBAA) and Reportally (Invrep Ltd) have been working together to produce a practical guide to make it easier for angel-backed companies to report to their investors.
"Angel Reporting guidelines and principles" is a 6-page booklet, with practical steps for CEOs and investors to follow. Aimed at making their relationship stronger, and more effective.
Stephen Findlay, CEO of Reportally commented: "it can be difficult and time consuming for an angel-backed company to create and agree a reporting structure with their investors. With this booklet, we are helping to solve that problem"
Jenny Tooth, CEO of the UK Business Angel Association added, “Angel Investors need to have regular updates from their portfolio businesses, offering the opportunity to monitor progress and growth, provide strategic support and plan for further fundraising and exit. Invrep offers a valuable new approach through its platform and reporting tools to support the investment relationship and achieve successful outcomes for angel investors”
The booklet is free and you can download it here.
The Reportally investor reporting platform is fully consistent with the Angel Reporting guidelines and principles set out in the document. Companies and investors using Invrep, can be confident that they are following industry best practices.
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The UK Business Angels Association is the national trade association representing angel and early stage investment in the UK. (England, Wales and Northern Ireland). It has superseded the BBAA and was re-launched in its new strengthened role in July 2012 . Each year private investors account for between £800 million and £1 billion of early stage investment in the UK – the single largest source of early stage capital in this country.
Reportally is the leading platform for SMEs and early stage companies to report to their angel investors and other stakeholders, and manage their cap tables. Launched in 2013, as Invrep, Reportally now supports 2,500+ companies, across 30+ countries report to 5,000+ investors.