Sam Patchitt, business consultant and founder of startups Yellow Label and Finstant, has started a new role as investment and portfolio manager at GC Angels. The appointment comes as the angel investment service seeks to broaden its support for Greater Manchester’s startup scene.

Sam is an award-winning finance professional with over six years of experience in investment, data analysis, project management and strategic planning, alongside the experience of founding two startups.

In 2016 he started a food-tech business, Yellow Label Technology, a tool that helped to reduce food waste in supermarkets. Sam later founded Finstant, a software company that allows anyone to produce a cash flow forecast in under ten minutes. The business went on to produce the world’s first cash flow forecasting tool in Facebook Messenger, which it now white labels to clients across the country.

Sam also spent several years as a freelance business consultant, supporting hundreds of SMEs across a range of industries with finance and growth support.

Sam was first introduced to GC Angels through the Growth Company’s Access to Finance (A2F) service. Following an introduction, he pitched to them to use the Finstant software, when he began speaking to Jess.

In his new role, Sam will play a vital role in driving the GC Angels deal pipeline, facitilating investment into eligible startups, and helping them to generate further investment from the GC Angels’ network. Sam will also manage the businesses currently within the portfolio to support their growth.

Sam Patchitt, investment and portfolio manager at GC Angels, said:

“It’s been great getting settled in to the role and getting to know Jess, Sarah and the wider team at the Growth Company. I’m very excited about the Manchester tech scene at the moment, which is growing quickly and is really diverse. While our tech scene may be relatively young, this is a huge benefit as we don’t seem to have any boundaries regarding the types of businesses that are springing up. As a result, there’s a heap of ‘fringe tech’ out there, from gaming tech to health tech, and I’m excited to begin building relationships with these businesses and help them grow.”

Jess Jackson, head of investment at GC Angels, said:

“Having Sam on board brings a unique perspective as he has experience of the investment process from every angle. This means he can really get under the skin of the businesses we work with and help them find the best possible solutions to allow them to grow. I’ve known Sam since he pitched to us in 2019, so I’m really pleased he’s finally joined our team, and look forward to working alongside him!”