Raising Partners launches pre-seed fund
Helena Di Biase: backing emerging firms
A £15 million venture capital fund has been launched to provide early stage capital for emerging Scottish businesses.
The seed and pre-seed fund is being promoted by investment advisory firm Raising Partners with initial investments of about £300,000.
Almost half of the fund is reserved for follow-on investments to ensure companies remain sufficiently capitalised in the early stage of their development.
Co-founder and managing partner Helena Di Biase says the fund will help rectify a low level of funding activity for these firms.
A couple of dozen firms, mainly in Scotland, are expected to be among the first recipients.
Raising Partners, which has offices in London and Edinburgh, has worked with more than 100 companies such as Celtic Renewables, Loch Lomond Brewery and Hyicar.