Scottish Equity Partners clinches £260m for tech-focused SEP V fund
Growth-stage UK tech firms could access up £20m in funding from new fund as well as development support from VC firm
Venture capital partners Scottish Equity Partners (SEP) has secured £260m for a new fund that will focus on high-growth technology companies across the UK and Ireland.
SEP V will plough up to £20m into growth-stage tech businesses led by “ambitious management teams” with a proven product or service, playing an active and supportive role in their development.
Established in 1991, SEP has 45 partners and employees across its offices in London, Glasgow and Edinburgh and now has more than £1bn in funds under management.
Its portfolio companies, including UK unicorn Skyscanner, flash sales site SportPursuit and car finance specialist Zuto (formerly CarLoan4U) employ more than 5,500 and have a collective turnover of over £1bn.
Calum Paterson, SEP managing partner, said:
“This is another great milestone for us and reflects extremely well on the calibre of our team. The new fund gives us a very strong platform to continue to invest in companies with world class potential and we thank all of our investors for their support.”