Pioneering public-private agreement
Braveheart and Crowdcube in new funding deal
Aim-quoted Braveheart has been selected in a joint bid with Crowdcube to become a consortium manager of the London Co-Investment Fund.
Braveheart provides debt and equity financing to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices, and public sector organisations,
The London Co-investment Fund (‘LCIF’) was established by Funding London and Capital Enterprise to invest £25 million in London-based, seed-stage companies in the science, digital and technology sectors.
Braveheart and Crowdcube will work closely together, with Crowdcube sourcing deals and promoting them via its crowdfunding website, and Braveheart carrying out investment selection and fund management. It is believed this is the first time public funds will co-invest alongside the crowd in a co-investment model.
Geoffrey Thomson (pictured), Braveheart Chief Executive, said: “This is a very good new initiative and it builds on our existing partnership with Crowdcube. Over the next few years the LCIF will invest in a number of London’s most exciting seed-stage technology companies and over time we expect these companies to provide good returns to stakeholders in both financial performance and job creation.”