2016 All Wrapped Up
We’ve been very busy this year behind the scenes at GrowthCapitalVentures and GrowthFunders, so thought it only right we give you an update of what’s been happening before the new year starts.
In a nutshell, we have been laying the foundations for growth, building an exciting and diverse deal flow pipeline, securing a strategic investment partner and most recently strengthening the team to assist us in growing GCV to its full potential.
Foundations for growth
We’ve been evolving the business to move into new asset classes including Real Estate and Clean Energy, whilst strengthening the pipeline of existing high-growth SME investment opportunities.
This has been instrumental in helping the team to achieve the main objective for the year - to secure a strategic investment partner with fully aligned vision, mission and values to help move the business to its next stage of growth.
We are delighted that Maven Capital Partners - one of the UK's leading private equity firms - have invested £1.1million into GCV as part of the second funding round. Our seed investors were also able to participate in this secondary funding round and contributed an additional £124,000 which resulted in a total fundraise of £1.224 million for this investment round.
Deal flow pipeline
In addition to securing growth finance from Maven, we’ve been building our pipeline of deals - honing in on our core sectors of high growth SMEs, property, and clean energy - always focussing on an impact driven approach. With this, we have two exciting deals launching in January 2017:
- Protected Species - a performance apparel brand of waterproof clothing
- Intelligence Fusion - a disruptive tech business operating in security & risk management
We have more deals on the horizon too, from tech SME’s to property and clean energy, and we’ll release further details of these in due course.
Strategic Investment Partner
Maven now hold a 30% stake in the business, and with that comes two of their elite who have joined us on the board here at GCV; Maven Partner Bill Kennedy and Director of Co-Investment, Suzanne Lupton. We’re delighted to welcome Bill and Suzanne to the board and they bring valuable skills and experience spanning venture capital, private equity, fund management, property and co-investment.
Strengthening the Team
Alongside all of this we’ve been recruiting new team members, to strengthen the team for the next stage of growth, interviewing across several core disciplines such as technical, programme management, marketing, investment and business support.
Our first key hire Investment Campaign Manager, Lauren Miller, was brought in on 5th December, only 5 days after the Maven deal was closed, to hit the ground running in Q1 2017. We’ve got some other great people in the pipeline, joining us in Q1 2017, and we will be announcing these hires and introducing you to the current team, in due course!
That’s all for now, other than to thank you all - our investors, partners and businesses for your continued support. Season's Greetings to you and yours and very best wishes for 2017!