Beringea Launching £30 Million Digital Ventures Fund
-
Comments (View)
- Text Size: A A
-
Email
-
Share
For an economy in recession, there sure are a lot of startup funds being created. The latest example - Beringea is getting £20 million in UK government funding, and is adding a further £10 million from private investors, to target digital media startups with investments of up to £2 million.
Beringea is effectively starting and managing one of two new Enterprise Capital Funds - funds mandated by the three-year-old Capital For Enterprise (CfEL) scheme, a government-created “fund of funds” that has so far committed over £365 million to some 47 individual venture funds.
SEE ALSO: Birch’s New Digital Media Fund Has a Name; Adds More Partners
The newest, Beringea Digital Ventures, says it will target small- and medium-sized businesses “affected by ‘equity gaps’”. Michael Birch and Brent Hobertman’s PROfounders Capital has similar aims, and Ariadne’s Julie Meyer is also gathering a £20 million fund.
In the digital space, Beringea has previously funded iLG (SEO: 066570) Digital, Espresso Education and Mergermarket.
Posted In: Money, M&A & Venture Capital, Venture Capital
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: