Angels wanted: only women need apply

Women's wealth management firm Addidi will next month launch an all-female investment club with plans to invest £2m in British start-up firms and small businesses.

Addidi Angels is being set up by Addidi's founder, Anna Sofat, the former managing director of financial advisers Destini Fiona Price. She is looking for up to 100 women to invest £10,000 a year over two years.

Ms Sofat, who created Addidi – Latin for "we inspire" – in March as a joint venture with financial services firm Punter Southall, is aiming to attract young, high-earning professional women looking for investment opportunities. "Addidi Angels will give [them] an easy and convenient way to invest outside the box," she said. The club was, she added, likely to invest in socially responsible companies, and in "tangible" assets such as property and art firms.

Addidi has £40m of assets under management. It plans to reach £100m by the end of 2009.