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Academic/University
mantechfund.com

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Investments

17

Portfolio Exits

2

About Manchester Technology Fund

MTF is a Euro 6 million investment fund focused exclusively on the University of Manchester. It aims to provide early stage equity funding to help create new spin-out companies. MTF was established in 1999 under the Government's University Challenge scheme. Contributors to the fund are the UK Government and the Wellcome Trust in addition to the University of Manchester. MTF invests in projects across a range of technologies from IT to Life Sciences and works closely with UMIP, the University's technology transfer company

Manchester Technology Fund Headquarter Location

Manchester Science Park Lloyd Street North

Manchester, England, M15 6SE,

United Kingdom

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Latest Manchester Technology Fund News

BVCA launches Manchester chapter

Sep 22, 2014

United Kingdom funds Private Equity The British Private Equity & Venture Capital Association (BVCA) has appointed Richard Young to the new position of director, BVCA Manchester. Young is a private equity and venture capital veteran of almost 30 years. Previously with 3i and then founder of The Manchester Technology Fund, Young joins from venture capital house Enterprise Ventures where he has been fund manager for the North West Fund for Venture Capital since 2010. Young will begin the role from 1 November and operate from Manchester to promote the role of private equity and venture capital in the North of the UK, and enhance the BVCA’s engagement with members. Tim Hames, the BVCA’s director general, says: “We are delighted to have Richard join us for what is a very important and exciting time for the BVCA. As a national trade association we have always been active throughout the country and whilst much of our membership is based in London, a significant minority of our membership, a substantial slice of actual and potential UK investors and the clear majority of UK investee companies are located beyond the capital. By recruiting someone with Richard’s credentials the BVCA is able to better reflect the breadth of our industry and also add an experienced voice as we make the case for private equity and venture capital as a driver of economic and business growth.”   Young says: “As a longstanding investor in the private equity and venture community I am obviously very familiar with the work of the BVCA having been a member numerous times so I am thrilled at the opportunity to be involved in a new phase in the organisation’s development. The North is richly endowed with private equity and venture capital activity yet this is often underreported. What I want to do is champion our industry and draw attention to just what an important and crucial role we are playing in funding innovation and building businesses.”

Manchester Technology Fund Investments

17 Investments

Manchester Technology Fund has made 17 investments. Their latest investment was in Acimetrics as part of their Series A on May 5, 2004.

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Manchester Technology Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/28/2004

Series A

Acimetrics

Yes

Axiomlab, and Undisclosed Investors

1

1/1/2003

Private Equity

Perceptive

$0.4M

Yes

1

1/1/2002

Series A

Cogniscience

$0.29M

Yes

Providence Investment Company, and Undisclosed Investors

1

11/24/2000

Unattributed VC

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$99M

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10

8/1/1999

Convertible Note

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$99M

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10

Date

5/28/2004

1/1/2003

1/1/2002

11/24/2000

8/1/1999

Round

Series A

Private Equity

Series A

Unattributed VC

Convertible Note

Company

Acimetrics

Perceptive

Cogniscience

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Amount

$0.4M

$0.29M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Axiomlab, and Undisclosed Investors

Providence Investment Company, and Undisclosed Investors

Sources

1

1

1

10

10

Manchester Technology Fund Portfolio Exits

2 Portfolio Exits

Manchester Technology Fund has 2 portfolio exits. Their latest portfolio exit was Transitive on December 22, 2008.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/22/2008

Acquired

1

00/00/0000

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10

Date

12/22/2008

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

Manchester Technology Fund Team

2 Team Members

Manchester Technology Fund has 2 team members, including current Managing Director, Richard Young.

Name

Work History

Title

Status

Richard Young

Managing Director

Current

Maire Smith

Chief Executive Officer

Former

Name

Richard Young

Maire Smith

Work History

Title

Managing Director

Chief Executive Officer

Status

Current

Former

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