Enterprise Capital Fund

The Enterprise Capital Fund (“ECF”) is a government backed, institutional limited partnership designed to stimulate and support growth capital investment in the UK.

Foundation

In 2008 MMC secured UK Government backing through a competitive tender to raise a £30 million Enterprise Capital Fund, in which the government invested £20 million.  The remaining £10 million was raised from family offices and private investors, including the MMC team. The Fund takes the form of a conventional 10 year limited partnership. 

Objective

The MMC ECF focuses on the same business sectors and company stages as all of MMC’s other funds.  The ECF programme was introduced by the government to channel capital into companies requiring between £0.5m and £2m in growth capital, an area poorly served by the market. This funding gap is frequently referred to as the ‘equity gap’ and is the precise stage that MMC focuses on, evidenced by winning ‘Equity Gap Fund of the Year’ at the 2014 Investor Allstars awards. 

Strategy

The MMC ECF was deliberately structured to co-invest with MMC’s EIS Funds and participated in the same quality deals that MMC’s EIS Fund is known for. 

The ECF has completed its investment period and is now making follow-on investments only.

 
Working with BBB

  • omni:us is the only AI company of its kind fully focused on insurance. The...
    View Company
  • Real-time media monitoring developed using data-science and artificial intelligence to provide business insights...
    View Company
  • An Artificial Intelligence (AI) based Content Marketing Platform that empowers marketers to connect...
    View Company
  • Peak is a pioneering data-analytics-as-a-service company. Its model helps companies of all sizes use...
    View Company
  • APEXX is a payments gateway which enables merchants to dynamically route transactions to...
    View Company
  • Digital Genius is a leader in Artificial Intelligence (AI) for customer service. It...
    View Company
  • Senseye is the lead in predictive maintenance software. It’s cloud-based solution helps manufacturers...
    View Company
  • StorageOS is a software-defined storage platform designed to solve the problem of running...
    View Company
  • exit
    Base79 is an online media company creating global audiences for video content and...
    View Company
  • exit
    International provider of cloud software and services within the Salesforce CRM system. CloudSense...
    View Company
  • A cloud-based software provider for small and medium-sized online retail businesses.  Brightpearl is...
    View Company
  • Creator and provider of technology that enabling mobile network operators to provide location...
    View Company
  • Software provider offering businesses inbound marketing tools to help predict their next customers....
    View Company
  • exit
    Music strategies and personalised ‘streaming’ for retail businesses in order to improve their...
    View Company
  • exit
    Invenias provides software solutions to the executive search and strategic recruitment sector. Invenias’...
    View Company
  • Masabi provides mobile ticketing solutions for mass transit and allows users to buy...
    View Company
  • An online platform for companies to identify, engage and manage independent consultants. Talmix...
    View Company
  • exit
    A global provider of cloud technology helping businesses improve their selling, serving and...
    View Company
  • Supplier of finance technology platform which matches the financing needs of Small and...
    View Company
  • exit
    Provides human resources and outstanding software for a range of businesses.  This was...
    View Company
  • Provider of marketing tools and software designed to simplify workflow across marketing channels....
    View Company
  • A user-generated content platform that collects and displays content for brands all over...
    View Company
  • Provides smart global payroll and employment outsourcing solutions for managing an international workforce....
    View Company
  • Specialist provider of drone inspection services for the oil and gas industry. Founded...
    View Company
  • Payment service provider, allowing customers to exchange money worldwide securely and inexpensively.  Small...
    View Company
  • Pioneering mobile-first digital product accelerator. Somo helps clients make sense of the complex,...
    View Company
  • exit
    Provider of mobile software solutions and IT services primarily to the public sector....
    View Company

Portfolio

Read more...

You Might Be Interested In
  

Team

Read more...

You Might Be Interested In
  

Research

Read more...

You Might Be Interested In
  

News

Read more...

You Might Be Interested In
  
Request For Information
Important notice