Focused on tech, healthcare, and property-based firms, meet the venture capital fund which has over £240m to invest in small and medium businesses
Fund name: Albion Ventures LLP
Investor category: Venture capital
Based in: London
The fund is a partnership formed by the former Close Ventures management team following Albion’s acquisition of Close Ventures Limited from Close Brothers Group in 2009.
Albion Ventures typically invests between £1m and £10m in small and medium businesses; ranging from technology-focused companies to service and asset based businesses, and has invested in more than 90 businesses. Its larger investments tend to be more property-based such as pubs, hotels and care homes while its smaller rounds will lean towards businesses with growth potential such as Series A, B and C rounds in technology start-ups, pharmaceutical firms and environmental businesses, such as former Startups Awards winner Abcodia. Investee companies will need to have clear differentiation, a strong management team with a good track record, and a clear implementation strategy.
Size of fund:
Manages £245m across six venture capital trusts (VCTs).
Albion often invests in the healthcare space with Young Gun-founded PayasUgym one of its current investee companies. The VC firm participated in a £1.6m Series B round in the ‘pay as you go’ gym start-up in May 2014 and Albion’s deputy managing partner Will Fraser-Allen joined the company’s board. Launched in September 2011, PayasUgym has grown to become one of the UK’s largest fitness networks with over 1,700 gyms and 100,000 registered users.
- Dragon Hydro Ltd
- Bravo Inns