The British Business Bank has announced a new \u00a350m commitment to Oxford venture capital company Longwall Ventures\u2019 Fund 4, which targets early-stage deep tech companies. Made through the British Business Bank\u2019s Enterprise Capital Funds programme, the commitment follows previous support it has made with three previous funds at Longwall.<\/p>\n\n\n\n
Mark Sims, Managing Director and Head of Development, Equity Funds at the British Business Bank, said: \u201cThe Enterprise Capital Funds programme plays a crucial role in helping early-stage funds raise capital with a cornerstone investment, increasing the amount of scale-up finance available for high-growth early-stage companies. With businesses like OrganOx already pushing the boundaries of what\u2019s possible, our continued partnership with Longwall Ventures will help uncover the next generation of breakthrough technologies and UK success stories.\u201d<\/p>\n\n\n\n
Longwall 4 will target UK-based startups and early-stage science and engineering deep tech companies across sectors such as advanced manufacturing, clean energy, defence and life sciences.<\/sup><\/sup><\/sup><\/p>\n\n\n\n UK Government Business Secretary, Peter Kyle, commented: \u201cBritish Business Bank\u2019s investment into Longwall Venture\u2019s new fund will provide a major boost to startups across key growth sectors and is a shot in the arm for the UK\u2019s thriving technology sector. This news demonstrates how this government is using our Modern Industrial Strategy to deliver long-term growth and opportunities that support skilled jobs and raise living standards across the UK.\u201d<\/p>\n\n\n\n Through the fund, Longwall will invest between \u00a3500,000 and \u00a32 million into up to 16 companies, reserving significant capital for follow-on investments.<\/p>\n\n\n\n David Denny, Managing Partner at Longwall Ventures, concluded: \u201cThe UK\u2019s strong research base across academia and industry has created a rich seam of opportunities to turn groundbreaking science into valuable businesses, but these businesses often struggle to raise long-term capital to support them on their journey to commercialisation. We are excited to find the next crop of deep tech investments for our new fund.\u201d<\/p>\n\n\n\n Image source: Longwall Ventures<\/p>\n","protected":false},"excerpt":{"rendered":" The British Business Bank has announced a new \u00a350m commitment to Oxford venture capital company Longwall Ventures\u2019 Fund 4, which targets early-stage deep tech companies. Made through the British Business Bank\u2019s Enterprise Capital Funds programme, the commitment follows previous support it has made with three previous funds at Longwall. Mark Sims, Managing Director and Head […]<\/p>\n","protected":false},"author":3,"featured_media":2358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[229,18,209,30],"tags":[214],"class_list":["post-2357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-funding","category-investment","category-tech","tag-oxford"],"yoast_head":"\n