Introduction to MMC Ventures
MMC is an award-winning EIS fund manager focused on investment
in exciting growth companies in the UK. We have been doing this for
13 years: we were first authorised by the Financial Services
Authority (FSA) in 2000.
We began as a vehicle for investment by a Syndicate of
like-minded business angel investors, including the three MMC
founders, with the philosophy of providing capital and straetgic
advice to growing companies.
We increased our FSA authorisation and commenced managing
discretionary funds in 2005. Our current funds have raised
£80m to date and we invest around £10m per annum in a
combination of new investments and follow-on capital for
existing portfolio companies.
Our Syndicate continues and co-invests with our managed funds,
which includes our MMC EIS Fund as well as institutional and other
money that does not qualify for tax relief. These all
co-invest in the same instruments on the same terms. This serves to
re-inforce our fundamnetal approcach of investing on the commercial
mertis of each transaction and viewing the EIS tax benefits as
highly attractive but not the reason to invest.
In 2013 we launched the new MMC London Fund, together with Mayor of
London Boris Johnson.
- We enjoy a high quality deal flow, much of it proprietary, that
we reduce down from circa 700 to 5-10 new investments annually.
We are rigorous with our due dililgence and ensure that
comprehensive investor protections are in place before
- We invest in companies with demonstrable commercial traction
and growing revenues. We do not invest in start-ups. We avoid
capital intensive businesses and invest only when we are
comfortable and we (and our co-investors, if applicable) have the
capital capacity to see the business through to profitability or
scale, at which point exits are more easily achieved
- We are a supportive investor and look to work with portfolio
management teams to achieve their objectives. However, we will move
or replace management team members if we deem necessary. Exit
strategies are analysed and agreed with management at the outset
and are reviewed regularly
- We have more than 20 companies in our portfolio. Our
investment approach is generalist but we actively seek opportuities
in high growth sectors where the UK is a world leader, including
business support services, financial services, digital media,
consumer internet and software
- We have a highly regarded team of six professionals who have
over 40 years combined venture capital experience, and are
colelctively involved in all investment decisions. All
professionals participate in the MMC's "carried interest" scheme,
reflecting our open and meritocratic culture. The founders
have invested in all MMC deals on the same terms as investors.
Sources of funds
We are currently investing from our EIS Fund, which
gives UK-based investors the benefit of EIS tax reliefs, and from
the MMC London
Fund. We are also investing from the Syndicate and the Growth
Generation Fund, both of which invest alongside our other
For a summary of the tax relief that our investors can benefit
from please read on in our EIS tax benefits and SIPP tax