Longwall Ventures launches £40m tech fund

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, while the remaining £15m was sourced from institutional investors and private individuals from the UK.

Investments
Longwall Ventures ECF will invest in science, technology and engineering-focused SMEs across the UK. The fund intends to invest in 15-20 companies over the course of the coming 3-5 years.

People
Partner Michael Penington will manage the fund on behalf of Longwall. Rory Earley is CEO of CfEL.

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