Venture capital investment in the UK is second only to the US in terms of size and sophistication. This lively domestic market is great news for growing firms that seek funding and many UK enterprises are now attracting significant levels of overseas cash.
Enterprise Ventures has raised £10 million for its new RisingStars Growth Fund II, which will invest in early-stage opportunities and proof-of-concept technologies throughout the North of England.
Bristol-based network software specialist Apertio has clinched $30 million of second-round venture capital backing, with the aid of specialist technology investment bank GP Bullhound. The company intends to use the cash to gear itself for a planned IPO in the not-too-distant future.
Technology-focused venture capital group Albany Ventures has led a £2.5 million second-round funding for engineering software developer High Integrity Solutions, alongside co-investors Foresight Venture Partners and Enterprise VCT.
Cambridge-based medical device developer Ranier Technology has secured a further £4 million of funding from FNI Venture Capital, as it looks to advance clinical trials of its CAdisc spinal disc implant.
The London Technology Fund (LTF), a new Government-backed venture capital vehicle aiming to support technology start-ups in Greater London, will launch tonight – becoming the first business of its kind in the South of England.
From a £40 million deal to fund acquisitions in the music publishing business to a £900,000 investment in the advertising sector, the Business XL team highlight eight brilliant venture capital fundraisings.