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Venture Capital
FINANCIAL | Investment Firms & Funds
northstarventures.co.uk

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Investments

160

Portfolio Exits

6

Funds

9

About Northstar Ventures

Northstar Ventures is a venture capital company dedicated to building successful high growth businesses across the North East of England. Northstar's funds provide an opportunity for North East enterprises to access the capital needed to get started and grow.

Northstar Ventures Headquarter Location

5th Floor, Maybrook House 27-35 Grainger Street

Newcastle upon Tyne, England, NE1 5JE,

United Kingdom

+44 0191 229 2770

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Northstar Ventures Rank

Latest Northstar Ventures News

Newcastle tech firm’s Series A reaches £7.4m

Jul 9, 2021

Cloud-based internal communication and employee engagement platform Oak Engage has taken its Series A funding to £7.4 million. Maven Capital Partners’ investor partners have contributed £1.8m alongside a further £775,000 from the Maven-managed North East Development Capital Fund and the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures, as well as existing and new private investors. The transaction has completed the Series A round, in which Maven has invested a total of £6m alongside a further £1.38m from private investors and regional funding. Despite the pandemic, Oak Engage has continued to grow strongly. It will now scale further, creating 26 new jobs across its sales and marketing divisions. Oak’s internal communication tools, across a mobile app and SaaS platform, integrate with office applications, helping improve productivity with feeds, collaboration hubs and advanced search. Its additional functionality includes rota management, instant messenger, surveys, opinion polls, employee recognition, trending content and push notifications. It is used by hundreds of thousands of people every day across a multitude of sectors, including boohoo, Aldi, Five Guys, Halfords and ITV. The firm is led by a seasoned former Silicon Valley executive, Will Murray, who has a successful track record of scaling technology businesses and was a key member of the management team of Turnitin, a US software company which recently sold to a private equity buyer for $1.75 billion. Michael Vassallo, Investment Director at Maven, said: “Oak is a proven, fast growing technology business led by strong, experienced management team. “The platform is globally scalable and as employee engagement is becoming increasingly recognised as pivotal in the overall success of a business, Oak continues to secure a number of impressive customer contacts. “We look forward to working with Will and the team as the company scales further and continues to expand.”  CEO Murray said: “With the work we have done so far we are just beginning to see how transformational our new approach to the company intranet can be. This further injection of capital further secures our place as industry leaders within the intranet software and internal comms industry. “We will continue to invest in growth, our technology and in our product as we continue to push forward with the support of investors. “Products like our intranet software can help businesses connect their people, boost employee engagement, and promote wellbeing, giving everyone a voice at a time when they need it most. “This will be key now that the majority of people will want some sort of flexible working situation going forwards. There is so much more to come from Oak Engage in the coming months and years.”  Latest Stories

Northstar Ventures Investments

160 Investments

Northstar Ventures has made 160 investments. Their latest investment was in Oak as part of their Series A on July 7, 2021.

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Northstar Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2021

Series A

Oak

$3.6M

Yes

Maven Capital Partners

2

6/25/2021

Unattributed VC

Nanovery

$0.66M

Yes

Scottish Funding Council, and Undisclosed Angel Investors

1

6/17/2021

Seed VC

onHand

$1.39M

Yes

Dhiraj Mukherjee, and UK Research and Innovation

2

4/20/2021

Seed VC

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$99M

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10

2/23/2021

Unattributed VC - II

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$99M

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10

Date

7/7/2021

6/25/2021

6/17/2021

4/20/2021

2/23/2021

Round

Series A

Unattributed VC

Seed VC

Seed VC

Unattributed VC - II

Company

Oak

Nanovery

onHand

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Amount

$3.6M

$0.66M

$1.39M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Maven Capital Partners

Scottish Funding Council, and Undisclosed Angel Investors

Dhiraj Mukherjee, and UK Research and Innovation

Sources

2

1

2

10

10

Northstar Ventures Portfolio Exits

6 Portfolio Exits

Northstar Ventures has 6 portfolio exits. Their latest portfolio exit was Kontainers on June 11, 2020.

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

6/11/2020

Acquired

$991

Descartes Systems Group

7

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

6/11/2020

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

Descartes Systems Group

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Sources

7

10

10

10

10

Northstar Ventures Fund History

9 Fund Histories

Northstar Ventures has 9 funds, including North East Social Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/10/2015

North East Social Investment Fund

1

12/31/2010

Finance for Business North East Creative Content Fund

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$99M

10

12/31/2010

Finance for Business North East Accelerator Fund

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$99M

10

12/31/2009

Finance for Business North East Proof of Concept Fund

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$99M

10

6/30/2005

NorthEast Coinvestment Fund

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$99M

10

Closing Date

4/10/2015

12/31/2010

12/31/2010

12/31/2009

6/30/2005

Fund

North East Social Investment Fund

Finance for Business North East Creative Content Fund

Finance for Business North East Accelerator Fund

Finance for Business North East Proof of Concept Fund

NorthEast Coinvestment Fund

Fund Type

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Status

Amount

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Northstar Ventures Team

1 Team Member

Northstar Ventures has 1 team member, including former Chief Executive Officer, Marion Bernard.

Name

Work History

Title

Status

Marion Bernard

Chief Executive Officer

Former

Name

Marion Bernard

Work History

Title

Chief Executive Officer

Status

Former

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