Midven Sells Employee Optimisation Software Company Silver Lining Solutions
12th April 2017 Third exit in three months for Birmingham-based venture capitalists Venture capital specialists…
read moreThe Advantage Growth Fund was a £17.5m fund established in 2003 as part of the UK government Regional Venture Capital Fund initiative to invest in West Midlands based small and medium sized enterprises.
The Fund, which was able to make initial investments of up to £250,000, is now closed. The Fund supported 45 businesses across a wide range of sectors and stages, including start-ups and management buy-outs. Midven assisted those companies to raise additional funding, over and above that invested by the Advantage Growth Fund, in excess of £80m.
The Fund achieved particular success in helping grow businesses with strategic value. Notable successes included:
Generating these return levels demonstrated that our approach of working closely with companies delivers long-term growth and value.
The Fund was created with funding from the DTI Small Business Service (now the Department for Business Energy and Industrial Strategy), the European Investment Fund, Barclays Bank, the Royal Bank of Scotland, HSBC, the universities of Warwick, Coventry, Aston, Birmingham and Birmingham City and Midven.
The Fund was managed by Tony Stott, Roger Wood and Surjit Kooner.
Fund Facts
Current As At: 1st April 2020
Fund Amount £17.5m
>£80m Leverage, 46 Investments
12th April 2017 Third exit in three months for Birmingham-based venture capitalists Venture capital specialists…
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