Angels Den will be the first fully national online business angels matching service. It will focus on deals with a value of up to £500,000.

Business owners in search of investment will be able to upload a summary of their business idea and plan for £99, and their application will then be reviewed by an external analyst, who will offer constructive feedback.

Potential angel investors listed in the database will be able to review applications and request a full business plan, which the entrepreneur will then be able to upload for £400.