# Equity Gap

Equity Gap is an Angel Investment Syndicate based in Edinburgh, United Kingdom.

## Overview

- **Organization type:** Angel Investment Syndicate
- **Headquarters:** Edinburgh, United Kingdom
- **Region:** Europe
- **Address:** Capital Business Centre, 24 Canning Street, Edinburgh, EH3 8EG, United Kingdom
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** www.equitygap.co.uk
- **LinkedIn:** https://www.linkedin.com/company/equity-gap

## Regulatory record

- **Reports private funds:** No

## About

Equity Gap Investing in Emerging Businesses throughout Scotland Funding and support Is your business investment ready?Use our simple decisioning tool to find out if you’re ready to apply for angel investment funding. Becoming a member Are you interested in becoming an investor in high growth, early stage companies? Portfolio Equity… Continue reading Home

## Sectors

- Life Science
- FinTech
- Enterprise Software
- Food & Drink
- Clean Tech
- Consumer Product
- Industrial Energy
- Creative Industry

## People

- Jock Millican — Founder and Non-Executive Chair
- Fraser Lusty — Managing Director
- Rhona Bree — Senior Investment and Portfolio Manager
- Alex Lusty — Head of Operations and Compliance
- Julie Foster — Finance Manager
- Dave Pratt — Investment Consultant
- Rachel Jones — Non-Executive Director
- Jennifer Nicoll — Non-Executive Director

## Questions

### Who runs investment decisions at Equity Gap?

Individual members make their own investment decisions on a deal-by-deal basis. The central team — led by Managing Director Fraser Lusty and Senior Investment and Portfolio Manager Rhona Bree — sources, vets, and presents opportunities, but each angel investor chooses whether to participate. Founder Jock Millican serves as Non-Executive Chair and guides the syndicate's overall strategy alongside a board that includes two non-executive directors from operational backgrounds.

### Does Equity Gap participate in fund commitments or only direct deals?

Equity Gap makes direct early-stage investments into operating companies and does not commit to external funds. The syndicate’s role is to present individual company opportunities to its members. Co-investment alongside other angel groups or early-stage funds in Scotland does occur, but the syndicate does not operate as a fund-of-funds.

### How is Equity Gap related to LINC Scotland?

Founder Jock Millican chairs LINC Scotland, the national trade association for angel capital in Scotland. This relationship positions Equity Gap at the center of Scottish angel policy and deal-sharing, though the syndicate operates independently. Millican’s dual role helps Equity Gap influence the broader early-stage funding environment while accessing a network of fellow angel groups for co-investment and deal referrals.

## Related profiles

- [Equity for Africa](https://altss.com/profile/equity-for-africa)
- [Equity International](https://altss.com/profile/equity-international)

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Last updated: 2026-06-03T20:00:00.000Z

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