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Midven is a long established management owned venture capital investor located in Birmingham. We have extensive experience and a proven track record of investing in SME’s and early stage businesses.
To provide venture capital investment to SMEs within the Midlands region that are typically young well managed businesses with high growth potential.
Midven is a venture capital investor and will therefore always take an equity stake in the companies it supports. The investment will typically comprise of a mixture of ordinary shares and either redeemable preference shares, sub-ordinated loans or quasi equity instruments. We do not provide grant funding.
Companies suitable for funding would ideally:
We do recognise that not all companies seeking investment will initially meet all these criteria but this does not necessarily preclude us from considering the proposition as we may be able to help fill the gaps.
Advantage West Midlands was the Regional Development Agency for the West Midlands and provided considerable assistance and funding to help the establishment of a number of Midven Funds. Advantage West Midlands has been replaced by a number of regional Local Enterprise Partnerships (LEP’s). Whilst we have strong links with the LEP’s and believe our activities are consistent with their various Access to Finance agendas, the funds and Midven, the manager of the funds, are separate legal entities independent of the new LEP’s and take investment decisions independently of them.
See the specific criteria within each of the individual funds, in general however the company should:
The initial investment can be up to a maximum of £500,000 depending on which fund we consider is appropriate to invest from. Further investment of up to £250,000 (again fund dependant) can be made 6 months after the initial investment. Thereafter we have the capacity to make further investments alongside other larger investors
Yes, the Department of Business Innovation and Skills excluded sectors, which are as follows:
It is also important that investments do not fall within the definition of ‘Restricted Sectors’ referred to in Article 32 of the EC Treaty. These include, among others, certain agricultural and food related sectors and other sectors of which examples are synthetic fibres, yarns and motor vehicles.
Each of our funds has an investment committee made up of members of Midven’s Board of Directors and investment teams. Investment decisions are the sole responsibility of the relevant Investment Committee and are not subject to any outside influence.
Contact us directly by phone on 0121 7101990 or email us at firstname.lastname@example.org We can give you initial feedback. However we are unable to process an application for investment until such time as we have received a business plan. For help with your business plan click on the Business Plan Advice box above.
Yes. Midven are authorised and regulated by the Financial Conduct Authority (FCA) and are bound by all FCA confidentiality rules. However, we are happy to enter into most standard confidentiality agreements if you so wish.
See the timetable section in the About Us part of the website.
Midven has good relationships with a range of business angel networks and other venture capitalists. We are happy to make introductions as appropriate.
Yes. Midven is authorised and regulated by the Financial Conduct Authority. (reg no 148549)
The investment can be applied for the purposes which have been agreed between us, details of which would be contained in the business plan.
Yes. It is a limited company owned by members of its investment team.
We manage commercial funds, and when we invest in companies we are expecting that the investment will provide the Fund with a commensurate return for the risk taken. Returns include interest, dividends, capital repayments and the amount realised on selling the Fund’s equity stake in the company. The level of return we seek varies from investment to investment dependant on our assessment of the risk profile of the proposition.
Midven is generally a patient investor but each of our funds has a fixed life within which we have to make returns to our investors. As such we will agree on exit timetable with you early in the investment process and work with you to ensure that the company’s strategy is aligned towards achieving this.
Yes. See the Business Plan section of our website for information that should be included in it.
All investment decisions taken by Midven are made independently of its Fund’s investors