The North East Technology Fund
The Walbrook Building, 25 Walbrook, London, EC4N 8AF, United Kingdom
Overview
North East Technology Fund invests in technology businesses which are based in, or are willing to relocate to North East England. They aim to provide flexible investment structures in the form of equity and mezzanine debt to businesses at all stages of their development. They have invested from as little as £50k in start up businesses to seven figure seed investments and have co-invested in multi-million pound series A transactions. The Fund is aimed at technology businesses located, or those whose substantial operations are, in North East England. They also seek to invest in businesses that are willing to relocate to the region. Their investment range is £50,000 to £1,250,000 at the initial round with follow on finance available. They will gladly co-invest with other institutional, private or corporate investors acting either in a lead capacity or as a syndicate participant. They are able to invest at all stages of business development, from seed to development capital, and will consider investing in most types of technology.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Durham Graphene Science
Led · Seed · Feb 2012
Durham Graphene Science is a Durham University (UK) spin-out developing production technology for graphene. The company is building production equipment intended to enable mass production of graphene for use across automotive, aerospace, electronics and clean tech industries. DGS plans to use funding to scale up its production equipment and to establish joint development agreements with partners to test handling, dispersion and processing of the material across a wide variety of applications. The technology was developed from research by Dr Karl Coleman. Financially, the company has secured a £1.2m seed financing committed in two equal tranches, with the second tranche contingent on certain milestones being met. Durham Graphene Science is an R&D spinout from Durham University based on the research of Dr Karl Coleman that develops commercial graphene. The company’s core product is graphene produced via a new reactor process that grows the material atom-by-atom from a chemical “cloud.” That production process is protected by a patent application. The company intends to use recent funds to begin manufacturing graphene at scale to enable applications such as aircraft structures and advanced electronic components. The articles note graphene’s attributes—stronger and lighter than carbon fibre—and the company’s focus on scaling production to realize those applications. Durham Graphene Science is based in Durham, UK.
Team
No current team members are available.