About North West Fund for Venture Capital
The North West Fund for Venture Capital is designed to support entrepreneurs build high growth companies. With an emphasis on backing people with a talent for business, it provides risk capital for new and early-stage start-up companies, in return for an equity share. The Fund invests in most industry sectors including technology - but excluding those served by the focused sector funds for Energy & Environmental, Biomedical and Digital & Creative.The Fund supports start-up and early-stage companies with a wealth of advice and a network of contacts to work with you to maximise the growth of your business. We are particularly keen to support young entrepreneurs by matching them with successful business leaders in their sector to provide support and mentoring.The North West Fund for Venture Capital provides finance ranging from £50,000 to £2million. In return, the Fund Manager will require an equity share in the business. Capital structures can include a combination of equity and loan support as best suits the needs of the company.
North West Fund for Venture Capital Headquarter Location
The Maltings 98, Wilderspool Causeway
Warrington, England, WA4 6PU,
Latest North West Fund for Venture Capital News
Apr 28, 2016
News A fast-growing Southport company which produces futuristic learning spaces for schools and training centres has secured £150,000 funding from The North West Fund for Venture Capital, managed by Enterprise Ventures, to help it expand. Immersive Interactive was founded by technology experts David Salt and Chris Porter, who have been joined by four new staff members in the past three months. It is now exporting to Italy and the UAE and expects to double its turnover in the year ahead. This is the second round of investment by the fund, which also provided £100,000 when the company started trading three years ago. Immersive Interactive’s products range from educational software programs to complete interactive learning environments which bring stories to life through the use of sound, smell and interactive visuals projected on to the walls. These ‘immersive spaces’ have proved popular with the education sector, particularly special needs schools, and are now also being used in the medical field to simulate accident and emergency scenes and provide more realistic training for first aiders and paramedics. The company, which is chaired by Matt Johnson, co-founder of Liverpool-based Mando Group, has clients throughout the UK and resellers in Spain, Italy, the Middle East, Hong Kong and Australia. Will Clark of Enterprise Ventures said: “The market for educational technology is growing internationally. There is a demand for more immersive and engaging systems in schools, as the increasing use of tablets, touch screens and ebooks shows. Immersive Interactive has attracted international interest and is expanding rapidly. This funding will allow it to fulfil its current orders and explore opportunities in new markets such as the medical sector.” Chris Porter said: “We are extremely grateful to Enterprise Ventures and The North West Fund. The initial investment enabled us to start up and develop our products, while this latest round provides additional support at a time of rapid growth.” The company was advised by Robin Hastings of Bermans and Nathan Heathcliff-Core of Verus while the Fund was advised by Harriet Sutherland of Ward Hadaway. The North West Fund for Venture Capital is part of the £155m North West Fund and is financed jointly by the European Regional Development Fund and the European Investment Bank. Share this story