Station 12 to raise £60m for venture funds

The firm, which was founded by managing partner Patrick Bradley in 2014, will raise a £10m SEIS/EIS fund from retail investors, with another £50m vehicle dedicated to institutional investors.

The development comes two and a half years after Station 12 agreed a joint venture fund with Welsh language television channel S4C to launch five new media startups.

The new vehicles will make early- to growth-stage deals for UK-based startups. The firm will look to back businesses in emerging segments such as virtual reality, augmented reality, artificial intelligence, blockchain and e-sports, in addition to more traditional verticals such as entertainment, music, audio-visual content and live events.

The VC's previous investments include TV distributor Parade and live events operator Nocturne.

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• United Kingdom
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