By Claire West

Envestors, winners of the Private Investor Network of the Year award at the annual Investor Allstars awards has itself been acquired by AIM listed fund manager Braveheart Investment Group.

The Envestors business model is based on a network of 400+ business angels looking to invest between £20k to £2m in high growth companies. Over the past three year they have helped more than 60 companies raise in excess of £22m.

The deal, worth a reported £2.5 million is subject to approval from the Financial Services Authority
Envestors will continue to operate in exactly the same way under the envestors brand.

Envestors partner Bob Taylor said, "We are delighted with this development as this considerably strengthens our offering to both investors and our companies raising finance."