The company had a notable development a year ago. Having invested ?13.5m in sportswear business inov-8 back in 2012, Livingbridge sold its stake after the fitness fashion firm doubled in size.With a fund of ?660m raised, which is its largest to date, Livingbridge will look to get behind companies with values of between ?20m and ?75m. Although the firm is based in the UK, with offices in London, Birmingham and Manchester, the capital was generated from investors across Europe and the US. The Livingbridge 6 fund have a large opportunity to make solid returns too, as it will back SMEs across sectors including business and financial services, technology, media and telecoms, consumer, healthcare and education. ?We are delighted to have secured the support of such a high quality international investor base. This is testament to both our strong track record and the significant opportunity that exists to deliver excellent returns backing fast growth UK SMEs,? said Wol Kolade, managing partner at Livingbridge.
Read more on the latest funding developments:
- Three things every tech investor needs to look out for
- Entrepreneurs have received ?250m from government?s Start Up Loans scheme
- Premium restaurant app Velocity devours $22.5m Series B to expand into 29 cities
According to Thomas J Fudge?s, the biscuits offered in the boardroom could make or break your business ? the firm must have offered shortbread to win Livingbridge over.
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