Midven

Midven is a long-established specialist venture capital company based in Birmingham, United Kingdom, focusing on providing investment to fast-growing small and medium-sized enterprises (SMEs). Since its acquisition by Mercia Asset Management in 2021, Midven operates as a key part of Mercia's regional funds team, leveraging Mercia's broader network and capital. The firm has a strong regional focus, primarily investing in businesses across the Midlands, aiming to stimulate economic growth and innovation within the region. With a history spanning over 25 years, Midven has built a reputation for supporting promising companies from early-stage through to growth.

The firm manages several distinct funds tailored to different stages and investment criteria. These include the Midlands Engine Investment Fund (MEIF) Equity Finance, which targets businesses seeking capital for expansion across the Midlands, and the Early Growth Fund, designed for nascent companies. Additionally, Midven manages funds under the Mercia EIS Funds umbrella, providing tax-efficient investments for qualifying enterprises. Their investment strategy typically targets sectors such as technology, life sciences, advanced manufacturing, and business services, reflecting the diverse industrial landscape of the UK Midlands. Over its operational history, Midven has invested in more than 200 companies, demonstrating a significant commitment to the regional entrepreneurial ecosystem.

Midven's typical initial investment ranges from £50,000 to £2 million, with the flexibility to provide follow-on funding as portfolio companies achieve milestones and require further capital for scaling. This approach allows them to support businesses from their initial commercialization phase through to significant growth. As part of Mercia Asset Management, Midven contributes to a larger pool of capital, with Mercia's regional funds under management exceeding £250 million. This substantial backing enables Midven to offer robust financial support and strategic guidance, helping entrepreneurs navigate the challenges of scaling a business. Their enduring presence and strategic investments underscore their role as a vital capital provider for innovative SMEs in the UK.