4 days ago
 Source: finsmes.com

Praetura Ventures Closes Second EIS Fund, at £7M

Quick Summary

Praetura Ventures, a Manchester, UK-based investor that backs early-stage businesses in high-value sectors, closed its second EIS fund, at £7m. The close brings the total raised by the firm to £22m in less than 12 months. The £7m Praetura EIS 2020 Fund will enable the firm to continue to invest high-quality scale-up businesses across the region and will now be deployed alongside the strategic support and guidance of the 25-strong team at Praetura Ventures. Led by David Foreman, managing director, and Jon Prescott, business development director, and newly added Andy Sumner, portfolio managing director, Praetura invested in AI and machine learning business, Peak, in 2016, and SaaS delivery management platform, Sorted Group. Most recently, the firm participated in Sorted Group’s £15m investment round led by Merian Chrysalis Investment Company (in August 2019).

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