Osprey commits funding to GovToday’s series-A
Venture capital firm Osprey Capital has led a £500,000 series-A round for Manchester-based public sector media platform GovToday.
Maven Capital Partners provided co-investment via the Greater Manchester Loan Fund.
The fresh capital will be used to develop new product offerings and to enhance the content currently produced in terms of video and distribution across social media. The company is also planning on making new hires in order to expand.
Previous funding
GovToday raised more than £700,000 last year, including an initial investment round from Osprey and a grant from the North West Fund for Digital and Creative.
Company
Founded by Tony Farrar and Rob Hollis, GovToday relocated to Media City in Manchester last year. The online portal engages with the public, private and third sectors in order to communicate government initiatives and policies across a range of fields. It also incorporates a programme of events and conferences. GovToday employs more than 40 people.
People
Tony Farrar is director of GovToday. Ronan Kearney is chairman of Osprey.
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater