About Archive


Equity Gap is an Edinburgh based angel investment syndicate, established to help match investors with entrepreneurs looking for early stage business funding.

We aim to make investing accessible and enjoyable for our members through collaboration, a peer network and centralised administration.

Equity Gap Team
Equity Gap Directors

We support prospective companies with access to Equity Gap’s broad base of knowledge and expertise, including support for pitching to our members.

Equity Gap members currently invest in over 30 companies, leveraging over £70m in total investment into this portfolio.  Equity Gap investee companies have created over 400 jobs, primarily in Scotland, across a range of sectors including consumer product, food and drink, life science and SaaS.

Our Team

Founder and Director

Jock Millican

Started Equity Gap in 2010 following a successful business career, primarily in brewing. His vision of helping Scottish start-ups has evolved into a portfolio of over 30 companies and over 150 active investors. A former Scotland rugby international, he is currently a Court Assessor at Edinburgh University and chair of LINC Scotland, the national angel capital association.

Fraser Lusty

Joined Equity Gap in 2011 and became a director in 2014. He has over 30 years’ experience in helping Scottish businesses and entrepreneurs build commercial capability. He is passionate about developing angel investors globally and has led skill building programmes in Canada and the Middle East. He is an ambassador with Women’s Enterprise Scotland championing diversity in the Scottish angel investment sector.
Executive Assistant

Wendy Laverty

Has worked with Equity Gap since 2013, originally as Executive Assistant to the directors organising member events, travel and administration. She now also manages member onboarding and communications. She is also a successful entrepreneur running a virtual EA business which supports an international mix of clients.
Relationship Manager

Caitlyn Hughes

Started with Equity Gap in February 2020 as a relationship manager, working with existing and prospective portfolio companies.  She previously worked in senior roles in the telecoms industry in Tokyo, Paris and London before settling in Edinburgh.
Finance Manager

Julie Foster

Equity Gap’s first employee, joining as business and finance manager in 2018. She previously held senior finance and administration roles in a number of organisations, including Edinburgh Chamber of Commerce.
Marketing Manager

Wilma Purser

Joined Equity Gap in January 2020 as marketing manager bringing over 20 years’ senior experience of working with global blue chip brands. She is leveraging her previous roles with professional membership organisations and entrepreneurial businesses to develop marketing and communications for Equity Gap investors.
Relationship Manager

Andy Coleman

Originally joined Equity Gap as a member in 2016 and is now also a relationship manager leading the evaluation of enquiries from prospective companies. He holds several external roles in the early stage sector, including ‘Entrepreneur in Residence’ at Edinburgh University’s Bayes Centre, board chair, director and mentor.
Operations Manager

Alex Lusty

Joined Equity Gap in 2019 to help develop its operations as the team grows. She also works on a number of strategic initiatives across the wider angel investment industry, utilising her experience in financial services product development, strategy, customer experience and programme design.
Data Consultant

Filippo Menolascina

A University of Edinburgh fellow who is assisting Equity Gap in building capability in data science, exit planning and valuations. Filippo is also part of the team looking at new investment opportunities. He is an internationally recognised leader in AI and biological engineering, with board level experience in early stage businesses.