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Two North East businesses raise investment thanks to regional angel network

Two North East businesses have benefited from a slice of £4m investment into businesses through the collaboration of three angel networks.

Durham-based Audemic and Newcastle-based Rapid Fluidics are set to ramp up activity as a result of investment rounds.

Newcastle Angel Hub, NorthInvest and the Women Angels of the North Syndicate have worked together to secure equity investment for growth through a series of joint pitch events. Many of the deals also leveraged further investment through Innovate UK programmes including the Regional Angel Investment Accelerator.

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