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The North West Fund

Europe, Warrington, United Kingdom, Warrington

Description

The North West Fund was a substantial regional investment initiative based in Warrington, United Kingdom, designed to bolster the small and medium-sized enterprise (SME) landscape across the North West of England. Established with a significant capital base, its primary objective was to provide crucial debt and equity funding to growing businesses. However, it is important to note that the fund ceased making new investments in 2015, having completed its mandate.

Launched with a total capital commitment of £155 million, The North West Fund aimed to bridge funding gaps for SMEs that struggled to access traditional finance. The fund’s investment strategy was diverse, offering both debt and equity solutions tailored to the specific needs of businesses. Historically, its typical first cheque sizes ranged from £50,000 up to £2 million, demonstrating its flexibility in supporting a wide spectrum of companies, from early-stage ventures to more established businesses seeking growth capital.

During its active operational period, The North West Fund made a considerable impact on the regional economy. It successfully invested in over 400 businesses across various sectors, contributing significantly to their development and expansion. This extensive portfolio of investments is credited with creating or safeguarding more than 10,000 jobs within the North West region, underscoring its role as a vital catalyst for economic growth and employment.

While The North West Fund proved to be a highly effective and impactful investment vehicle during its tenure, it is no longer an active participant in the venture capital or private equity landscape. Entrepreneurs and businesses seeking funding should be aware that this fund is closed to new applications, and its historical investment data serves as a record of its past contributions rather than an indication of current funding opportunities.

Investor Profile

The North West Fund has backed more than 101 startups, with 0 new investments in the last 12 months alone. The firm has led 47 rounds, about 47% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Undisclosed rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Ireland.
  • Strong thematic focus on Biotechnology, Health Care, Software.
  • Typical check size: $62.5K – $2.5M.

Stage Focus

  • Seed (44%)
  • Series Unknown (34%)
  • Undisclosed (8%)
  • Pre Seed (5%)
  • Series A (4%)
  • Series B (3%)
  • Debt Financing (2%)
  • Series C (1%)

Country Focus

  • United Kingdom (95%)
  • United States (3%)
  • Ireland (1%)
  • Finland (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Software
  • Medical Device
  • Pharmaceutical
  • Medical
  • Mobile
  • Information Technology
  • Education
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does The North West Fund frequently co-invest with?

Deepbridge Capital
Europe, Cheshire, United Kingdom, Chester
Co-Investments: 2
Enterprise Ventures
Europe, Lancashire, United Kingdom, Preston
Co-Investments: 9
350 Investment Partners
Europe, Warrington, United Kingdom, Warrington
Co-Investments: 3
AXM Venture Capital
Europe, England, United Kingdom, London
Co-Investments: 18
UK Innovation & Science Seed Fund
Europe, Oxfordshire, United Kingdom, Harwell
Co-Investments: 2
SI
Europe, Liverpool, United Kingdom, Liverpool
Co-Investments: 2
Future Planet Capital
Europe, England, United Kingdom, London
Co-Investments: 2
MTI Ventures
Europe, Oldham, United Kingdom, Oldham
Co-Investments: 3
OC
North America, Illinois, United States, Wilmette
Co-Investments: 2
Newable Private Investing
Europe, England, United Kingdom, London
Co-Investments: 2

Which angels does The North West Fund often collaborate with?

Shared Deals: 1
TL
Europe, Manchester, United Kingdom, Manchester
Shared Deals: 1
John Lyon
North America, New York, United States, New York
Shared Deals: 1
SW
Europe, Cheshire, United Kingdom, Alderley Edge
Shared Deals: 1
JR
Europe, Lancashire, United Kingdom, Nelson
Shared Deals: 2
TD
Europe, Manchester, United Kingdom
Shared Deals: 1

What are some of recent deals done by The North West Fund?

Ulemco

Liverpool, Liverpool, United Kingdom

Ulemco specializes in the development of hydrogen technologies that allows commercial vehicles to run off hydrogen.

AutomotiveIndustrialManufacturing
Series UnknownMay 15, 2024
Amount Raised: $6,344,348
Collabco

Liverpool, Liverpool, United Kingdom

Innovative software development company and Microsoft Partner.

ComputerEducationEnterprise SoftwareSoftware
Series UnknownDec 21, 2017
Amount Raised: $334,464
EnXray

Liverpool, Liverpool, United Kingdom

EnXray is a UK medical technology for sterilization of medical devices and life science products.

ElectronicsHealth CareManufacturingMedical Device
Series BOct 18, 2016
Amount Raised: $1,000,000
Traffic Observation via Management

Liverpool, Liverpool, United Kingdom

TOM Ltd creates innovative wireless network security products under the brand name SpriteGuardTM

Innovation ManagementNetwork SecurityWireless
SeedApr 4, 2016
Amount Raised: $499,261
Property Moose

Liverpool, Liverpool, United Kingdom

The Property Crowdfunding Platform where members can invest from £10 and receive monthly rental income and any capital growth.

CrowdfundingPropTechReal Estate
Series UnknownFeb 3, 2016
Amount Raised: $641,943
Collabco

Liverpool, Liverpool, United Kingdom

Innovative software development company and Microsoft Partner.

ComputerEducationEnterprise SoftwareSoftware
SeedJan 12, 2016
Amount Raised: $649,635
Gelmetix

Macclesfield, Cheshire East, United Kingdom

Gelmetix is a medical device company developing a polymer treatment for chronic lower-back pain.

BiotechnologyCommercialHealth CareMedicalMedical Device
Series AJan 1, 2016
Amount Raised: $4,568,182
Document Direct

Liverpool, Liverpool, United Kingdom

Document Direct is the UK’s premier outsourced typing and document production service for legal firms and professional services .

LegalProfessional ServicesRecruitingService Industry
SeedDec 17, 2015
Amount Raised: $447,155
Beatroot Music

Memphis, Tennessee, United States

Empowering record labels and music publishers to prosper in the digital world by aggregating music catalogues, metadata and rights data

Digital EntertainmentMusicPublishing
SeedSep 2, 2015
Amount Raised: $382,671
CynapseDx

Liverpool, Liverpool, United Kingdom

CynapseDx develops products to isolate proteins or cells from whole blood.

BiotechnologyLife Science
Series UnknownAug 5, 2015
Amount Raised: $358,820