Longwall Ventures has launched its second fund, Longwall Ventures Enterprise Capital Fund (ECF), targeting £40m for investments in UK science and technology companies.
The fund has been set up in conjunction with Capital For Enterprise Ltd (CfEL), the UK government's fund-of-funds business. It is CfEL's 12th fund. Investors The vehicle received £25m from the UK government,...
Brenke first joined Ardian as managing director two years ago
Deal represents 44.5% IRR for the vendors, four years after their initial investment
Gimv invested in the Parisian tech company through its Smart Industries platform
Fresh funding is in addition to an eight-digit backing from a consortium of investors in May