Deepbridge Capital, a UK venture capital investment manager, has secured a GBP15 million commitment from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early-stage businesses across the UK.
This commitment from British Business Investments’ Regional Angels Programme, which is designed to reduce regional imbalances in access to early stage equity finance for smaller businesses across the UK, will be invested alongside Deepbridge’s own funding over the next three years.
It will match funds raised via Deepbridge’s private investors, including the Deepbridge Technology Growth EIS and the Deepbridge Life Sciences EIS. Deepbridge’s EIS funds enable private investors to access a portfolio of early-stage companies within the UK’s vibrant technology and life sciences sectors and support a portfolio of knowledge intensive businesses, across all regions of the UK. Deepbridge recently announced that it has seen a record year of EIS fundraising, with GBP29.4 million deployed across 37 growth companies.
Read more/Source: Private Equity Wire
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