HomeUKPraetura Ventures Launches First £6M Cohort Investment Program in North of England

Praetura Ventures Launches First £6M Cohort Investment Program in North of England

Jess Jackson
Jess Jackson

Praetura Ventures, a Manchester, England, UK-based venture capital firm, launched a new seed program.

PraeSeed focuses on deploying equity investment into early stage businesses in the North to help fill a known funding gap in “pre-seed” or pre-revenue businesses.

Beginning in June, the program, based in Praetura’s Manchester office, will run over a six-week assessment period. The workshops will be delivered by experts and later stage founders to help the cohort benefit from their previous experience in scaling companies.

Applications will be open from the start of May and 10 businesses will be given a place, with up to seven investments available at the end of the assessment period. The program will run over five years and look to invest over £6m into 35 start-up businesses.

There has been a resurgence of accelerator models across the North, with flagship programmes run by Exchange in Manchester and Baltic Ventures in Liverpool. These accelerators aim to provide entrepreneurs with specialist education and insights around how to run a company to help them get the best start. PraeSeed will act as a capital-first program that aims to work in tandem with these accelerators to make investments into early-stage businesses, whilst complimenting other programs by providing an additional ‘top up’ on their training and connection to other businesses at a similar stage.

Investment Manager Jess Jackson will be leading the program.   

Praetura Ventures is a Manchester-based venture capital firm which invests in early-stage, high-growth businesses across the UK, with a particular focus on supporting entrepreneurs across the North of England.   Since 2019, the firm has backed 40 companies, including Northern-headquartered businesses Culture Shift, XR Games and Peak.  

Praetura Ventures also operates a Venture Partner program – an innovative and collaborative initiative that is aimed at experienced, connected and successful individuals who have a desire to add value and potentially provide mentorship, advice, introductions and investment to the next generation of entrepreneurs. In a few months, the firm has grown its Venture Partner base to 100+ members, typically C-suite level individuals.   

VCWire

27/03/2024