
The North West Fund for Venture Capital
98 The Maltings, Wilderspool Causeway, Warrington, England, WA4 6PU, United Kingdom
Overview
The North West Fund is a £155m evergreen investment fund established to provide debt and equity funding to small and medium sized enterprises in the North West of England. The Fund will address an identified gap in the lending, venture capital and private equity markets. The Fund is managed by North West Business Finance Limited, an independent private sector company.
- Total investments
- 67
- Lead investments
- 51
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Ulemco
Participated · Equity · May 2024
ULEMCo focuses on creating technologies that cut carbon emissions from vehicles which are traditionally challenging to decarbonise, such as heavy-duty or specialist transport applications. Its core product portfolio targets the replacement or reduction of fossil-based fuels in these vehicles, helping fleet operators meet stringent emissions targets. The company’s approach centers on accelerating real-world deployment of low-carbon solutions in transportation. ULEMCo’s latest funding indicates growing traction for its strategy to address hard-to-electrify segments of the market. Although detailed operating metrics were not disclosed, the new capital inflow highlights investor and governmental confidence in its technology roadmap. With fresh funds, the company plans to scale development and commercial deployment of its decarbonisation solutions.
- EnXray
Led · Equity · Oct 2016
EnXray is a development-stage company advancing a Low Energy X-ray (LEXR) sterilization machine that enables on-site, on-demand sterilization of medical devices and consumables at the point of manufacture. The company is carrying out initial product sterilization testing with potential customers and is targeting the medical device manufacturing industry as its first market. It intends to use recent funding for pre-commercialization activities, manufacturing and the commercial launch of LEXR. EnXray is on track for commercial launch by the last quarter of this year. The company recently secured a £2.327m funding package comprising loan and equity. Founded in 2012 and based in Liverpool, the company remains in the development stage. EnXray Ltd is a Liverpool, England development-stage sterilization technology company founded in 2012 by Ed Cappabianca. The company is commercializing a proprietary, patent-pending Low Energy X-ray (LEXR) sterilization technology. Its first target market is the medical device manufacturing industry, aiming to enable on-site and on-demand sterilization as the final step of production. EnXray has installed a first prototype unit at partner SMS Electronics in Beeston and is developing that prototype into a commercial version for demonstrations and validation. The company expects to start product sterilization testing for potential customers in Q4 2016. Recent financing activity and a prior government-backed loan facility are being used to support further development and commercialization of the LEXR technology.
- Traffic Observation via Management
Led · Equity · Apr 2016
Traffic Observation via Management Ltd is a Liverpool-based developer of software and hardware that monitors Wi‑Fi networks, reports additional networks operating in an area, and highlights abnormal activity. Its SpriteGuardTM product line is designed to protect public Wi‑Fi in cafes, pubs, banks, supermarkets, transport networks, and Wi‑Fi-enabled devices such as point-of-sale terminals and handsets. The company was founded by telecoms expert Professor Alan Marshall of the University of Liverpool, who leads the development team. TOM plans to use newly raised funds to bring its technology to market and to develop pilot projects across key industry sectors. It also intends to establish partnerships with Wi‑Fi providers and licensees and to attract further rounds of funding. Financially, the company secured £350k in funding to support these commercialization and partnership efforts.
- ResponseTap
Led · Equity · Feb 2016
Established in 2008, ResponseTap provides call-based marketing automation that tracks customers from their first website visit through to phone orders by integrating web analytics with call-tracking. The company’s software links online behaviour to phone calls to help firms improve the phone-call customer experience. Its latest product was developed with backing from private equity firms Eden and Beringea. ResponseTap employs over 50 staff at its Salford headquarters and has offices in London and Atlanta, plus a network of more than 700 resellers. Its products are used by over 1,600 customers, including TUI, Aviva and Hiscox. The company plans to use new funding to hire personnel (13 new jobs expected) and to accelerate software development. ResponseTap offers granular call tracking and analytics that show the customer journey before, during and after a phone call, and integrates with web analytics, bid management, CRM and call centre systems. The company reports over 1 million calls analysed per month in the UK and serves more than 1,500 brands and 500 agencies, with household clients including TUI, British Gas and AVIVA and build.com in the U.S. ResponseTap has grown to over 50 employees and maintains offices in London, Manchester and New York, reflecting an established U.S. presence. Its technical platform was radically restructured following user feedback to improve insight for clients. The company plans to use new funding to accelerate expansion in the U.S., continue technical development and support its UK development team, increase the support team, and launch into Europe.
- Collabco
Participated · Equity · Jan 2016
Collabco is a Liverpool-based provider of software for the education sector, launched in 2011 and led by Executive Chairman Jim Chambers. Its core product, myday, lets universities, schools and colleges present students with information via an app to view timetables and learning materials, access library and other services, and make payments on mobile or laptop. The software is in use at 12 higher-education institutions across the UK, with recent customer wins including Falmouth, Highlands & Islands and Wolverhampton universities. The company received a further £450K in a third funding round and has raised over £1.3m in total to date. Collabco plans to use the new funds to grow sales and marketing and to continue development of its software. Collabco, founded in 2009 and based in Liverpool, builds a system that collates information students need—calendars, timetables, attendance, grades, library information, fines and payments, news and social media feeds—integrated with institutions' virtual learning environments and accessible on laptops and mobile devices. The platform is used by over 30 higher education institutions across the UK. The company was founded by IT professional Dave Bown and is led by Managing Director Matt Dunkin. Collabco raised £250K in the latest funding round and had previously raised an earlier round in March 2014, bringing total funds raised to £920K. The company intends to use the new funds to continue to expand operations. No revenue or user-count metrics beyond institutional deployment were provided in the article.
Team
Cliff Maylor
Co-Founder and Chief Executive Officer
LinkedInMalcolm Edge
Chairman
Michael Prince
Director