Summary
Praetura Ventures, based in Manchester, closed its 2019 EIS fund at £15m after a three-month fundraising period from UK investors. The fund aims to back eight to ten early-stage tech businesses in the region, supporting them to hire staff, invest in technology and scale operations.
Managing director David Foreman said the firm is working to close the venture capital gap in the North West, backing 'exceptional management teams with scalable business models'. The fund expects to return profits to investors within five to seven years, with two-thirds of capital to be deployed in the North West region.
Read the full story at Manchester Evening News
This is a summary written for the Manchester Business Services register. The full article belongs to Manchester Evening News — read it at source.
Common questions
- What is this article about?
- Manchester venture capital firm Praetura Ventures has raised £15m through its 2019 Enterprise Investment Scheme fund, the largest maiden EIS fund on record. The fund will back eight to ten early-stage tech businesses predominantly in the North West, with two-thirds of capital targeted at the region.
- When was this published?
- This article was published on 6 June 2019.
- Who published this article?
- This article was published by Manchester Evening News.