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Growth Capital Ventures manages £57.5m fund to help businesses

Growth Capital Ventures in Newton Aycliffe has also received a £1.1m investment which has helped it create 12 new jobs

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North East fintech firm Growth Capital Ventures is set to help ambitious businesses access capital to grow from a £57.5m investment fund.

Growth Capital Ventures (GVC) recently secured a £1.1m investment from Maven Capital Partners, one of the UK’s leading private equity firms, which has helped it grow its workforce.

Now GCV is working closely with Maven to help other high growth businesses access capital to grow in a partnership which shines a light on the importance of co-investment.

Based in Newton Aycliffe, County Durham, GCV helps businesses raise between £150,000 and £5m to support growth and expansion and following the Investment from Maven, GCV is expanding, taking on 12 new staff members.

The company has a growing network of retail, professional and institutional investors that are keen to co-invest through its GrowthFunders platform and back the next generation of great UK businesses.

The firm partnered with Maven to bid for a series of Fund Mandates and Maven were appointed to manage the £57.5m Maven NPIF Equity Finance Fund, which provides equity finance to high growth businesses primarily across Lancashire, Greater Manchester, Liverpool, Cumbria and Cheshire.

It can also support ambitious SMEs based in Yorkshire and Humber and Tees Valley.

Norm Peterson, co-founder and chief executive officer at GCV said: “We’re delighted that Maven has invested into GCV and is supporting our next stage of growth.”

Craig Peterson, GCV’s co-founder and chief operating officer, said: “Maven’s investment has allowed us to recruit and strengthen the marketing, investment and tech teams. We are now working with a number of exciting high growth SMEs, preparing them for listing on GrowthFunders, our online co-investment platform.

“These are exciting times for Growth Capital Ventures and for businesses in the North of England. There is now a widespread recognition – not least on the part of government – of the enormous potential of the regions that drove the first industrial revolution.

“There are some cutting edge businesses across the North with global potential and we already have a pipeline of exciting businesses focused on high growth and wider impact including job creation.

“With Maven we can provide well prepared businesses with the capital they need to grow.

“Also GrowthFunders is an ideal platform for connecting entrepreneurial and ambitious businesses to access a wider group of investors who are keen to invest in exciting opportunities.”

 

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Growth Capital Ventures (GCV) is backed by funds managed by Maven Capital Partners, one of the UK’s leading private equity and alternative asset managers.