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The Venture Codex

Overview

Investment firm providing growth capital for SMEs in the Midlands.

Founded

2017

Deals · 12mo

4

Stage focus

—

Geographic focus

United Kingdom

Sector focus

Finance
Financial Services

Investment portfolio

9rounds
NAMEDATESIZE
Serve First
Apr 2026Led
$7 MOther Equity
Neupulse
Feb 2026Led
$4 MOther Equity
NuVision
Feb 2026Led
$7 MOther Equity
Gutology
Jan 2026Participated
$2 MOther Equity
Forge Genetics
Oct 2025Led
$3 MOther Equity
Grid Edge
Apr 2025Participated
$4 MOther Equity
Crown Plus
Feb 2025Led
$5 MOther Equity
Warehow
Sep 2024Led
$3 MSeries A
Neupulse
Aug 2024Led
$0.64 MOther Equity
Serve First
Apr 2026Led
$7 MOther Equity
Neupulse
Feb 2026Led
$4 MOther Equity
NuVision
Feb 2026Led
$7 MOther Equity
Gutology
Jan 2026Participated
$2 MOther Equity
Forge Genetics
Oct 2025Led
$3 MOther Equity
Grid Edge
Apr 2025Participated
$4 MOther Equity
Crown Plus
Feb 2025Led
$5 MOther Equity
Warehow
Sep 2024Led
$3 MSeries A
Neupulse
Aug 2024Led
$0.64 MOther Equity
9
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Midlands Engine Investment Fund II: 9 funding rounds are recorded in the selected participation categories.All available history.
Midlands Engine Investment Fund II: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Other Equity62

Monthly Deal Activity

Midlands Engine Investment Fund II: 9 deals are recorded across 27 months.All available history.
Midlands Engine Investment Fund II: 9 deals are recorded across 27 months. All available history
MonthDeals
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '262
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Midlands Engine Investment Fund II: Health & Life Sciences is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Midlands Engine Investment Fund II: Health & Life Sciences is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Health & Life Sciences6
Professional Services3
E-Commerce & Retail2
Clean Energy & Sustainability2
Marketing & Advertising1
AI & Machine Learning1
Real Estate & Construction1

Deal Size Distribution

Midlands Engine Investment Fund II: 9 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Midlands Engine Investment Fund II: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M3
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Midlands Engine Investment Fund II: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Midlands Engine Investment Fund II: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
Midlands Engine Investment Fund II: 9 co-investors are shown, with Mercia Ventures sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Midlands Engine Investment Fund II: 9 co-investors are shown, with Mercia Ventures sharing 4 recorded deals. All available history
Co-investorShared deals
Mercia Ventures4
Active Partners1
BP Ventures1
Centrica1
Eos Advisory1
MENA Moonshots1
Pembroke VCT1
Pioneer Group1
University of Nottingham1

Investment Strategy

Midlands Engine Investment Fund II: Led accounts for 78% and participating for 22% of round participation.All available history.
Midlands Engine Investment Fund II: Led accounts for 78% and participating for 22% of round participation. All available history
CategoryDeals (count)Share (%)
Led778%
Participating222%
Midlands Engine Investment Fund II: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Midlands Engine Investment Fund II: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Richard Altoft

Investment Director

Roger Wood

Manging director