Angus Miln

Angus is widely recognised as one of the UK’s leading venture capital lawyers, with his work frequently spanning international borders. He advises many of the world’s top venture capital, growth equity and private equity (and other) crossover investors in the technology and life sciences sectors, and many of Europe’s most exciting high-growth companies, throughout their life cycles, including formation, ongoing counselling, financings, international expansion, M&A, scaling towards M&A and liquidity transactions, joint ventures, and corporate restructurings. His M&A practice is predominantly sell-side and cross-border-focused.

Angus sits on the British Private Equity & Venture Capital Association (BVCA) Technical Committee. In 2023, he advised the BVCA on revising its standardised model documents for Series A venture funding rounds. As part of a four-lawyer task force, he also advised the UK government and HM Treasury on structuring and establishing the Future Fund for startups during the COVID-19 pandemic.

Clients commend Angus for his exceptional negotiation skills, astute commercial judgment and meticulous attention to detail.

He speaks Italian fluently, having lived, studied and worked in Italy extensively over the last 35+ years.

Angus’ representative venture and growth capital work experience includes advising:

• Vinted, Europe’s largest online international consumer-to-consumer marketplace dedicated to secondhand fashion, on:
  • Its 340-million-euro secondary share sale, which valued the company at 5 billion euros, led by TPG, a leading global alternative asset manager, with participation from other major investment funds, including Hedosophia, Baillie Gifford, Invus Opportunities and Moore Strategic Ventures
  • Various other transactions, including the company’s Series F (250 million euros) and Series E (128 million euros) funding rounds and various downstream acquisitions*

• Thought Machine, the leading cloud-native core banking and payments tech provider, on:
  • Its $160 million Series D financing round, which valued the company at more than $2.7 billion, led by Temasek, the global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley and several existing investors, including Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group and SEB
  • Its $200 million Series C financing round led by Nyca Partners, a New York- and San Francisco-based venture capital firm, with participation from several of the company’s global tier 1 banking clients, including ING Ventures, JPMorgan Chase and Standard Chartered Ventures, with participation from existing investors, including Lloyds Banking Group, British Patient Capital, Eurazeo, SEB, Molten Ventures (formerly Draper Esprit), Backed and IQ Capital
  • Its strategic partnership and related equity financing by Lloyds Bank
  • Various other transactions, including the company’s Series B ($83 million) and Series A ($18 million) funding rounds, as well as each of its previous financing rounds since incorporation*

• Monzo, a leading UK banking app, on:
  • Its oversubscribed $500+ million Series H fundraising at a $4.5 billion valuation led by the Abu Dhabi Growth Fund, with other participating investors including Coatue, Alpha Wave Ventures, Accel, General Catalyst, Goodwater, Passion Capital, Octahedron and Thrive
  • Various other transactions, including the company’s Series G-1 (75 million pounds), Series G (60 million pounds) and Series H (65 million pounds) financing rounds*

• Kuda, Nigeria’s first mobile-only bank, on its:
  • Series B funding round of $55 million led by Valar Ventures and Target Global, with participation from SBI and various previous angels
  • Various other transactions, including the company’s Series A ($25 million) and seed ($10 million) financing rounds*

• Attio, the next-generation, artificial-intelligence-native customer relationship management software provider, on its:
  • $23.5 million Series A fundraising led by Redpoint Ventures, with participation from Balderton Capital and Point Nine
  • $33 million fundraising from existing investors Redpoint, Balderton and Point Nine and new investor 01 Advisors*

• Vitruvian Partners, an international investment firm focusing on buyouts and growth capital investments, on its growth-stage investment in MFS Africa*

• Black Swan Data, a leading data science and consumer behavior prediction company, on its $18.5 million Series B financing led by Oxx, a venture capital firm that backs Europe’s most promising business-to-business software as a service companies, with participation from existing investor AlbionVC*

• ODQA Renewable Energy Technologies, a developer of air-based solar thermal systems intended to produce and store renewable energy, on:
  • Its $9.4 million equity financing led by a consortium of leading investors
  • Various other equity and convertible debt financings from investors including Oxford Science Enterprises*

• OLIO Exchange, the leading UK community food sharing app, on:
  • Its $43 million Series B fundraising led by VNV Global and Lugard Road Capital/Luxor, with participation from existing investors, including Accel and new strategic investor Delivery Hero
  • Various other transactions, including the company’s Series A ($7.7 million) and seed ($2.2 million) financing rounds*

Angus’ recent M&A work experience includes advising:

• Hofy, a global leader in information technology life cycle management for remote workers, and its shareholders on the company’s sale to Deel, a prominent international human resources and payroll platform*

• Eurofins Scientific, a global leader in food testing and a global scientific leader in bioanalytical testing, on its agreement to divest its digital testing business to Stirling Square Capital Partners for 220 million euros on a cash and debt-free basis*

• Dija, a leading European 10-minute grocery delivery platform, and its shareholders on the company’s sale to dominant US player Gopuff (after previously advising the company on its $20 million equity financing and supporting the company’s rapid growth and significant European expansion)*

* Representation handled before joining Cooley