For the second year running MMC has been recognised as one of the top 5 investors in UK
A report by Beauhurst (formerly UK Funders) has named MMC Ventures as one of the most active investors in the UK. The report ranked the most active UK seed, venture and growth investors of 2013.
This follows research compiled by Ascendant in Q3 2013 that showed, despite overall falls in UK technology venture capital deals, MMC bucked the trend and was again listed as one of the most active investors in the tech space. This continues our track record as one of the top three most active early-stage investors, as rated by both firms in 2012.
The Beauhurst report rated us the 4th most active investor overall, and the 2nd most active private equity firm, after the Business Growth Fund. MMC Ventures and Index were the only private investors in the top 5, the other entries being the Scottish Co investment Fund and Crowdcube. The report also noted a general trend towards greater equity investment in more mature businesses, also called ‘growth stage’ businesses. They reported that growth-stage investment rose to £1bn in 2013, outperforming both the venture and seed stage for the first time in terms of deal numbers.
Of the 18 deals MMC completed in 2013, broadly half were classified as ‘venture-stage’ and the other half ‘growth-stage’. Nine of the deals of 2013 were new deals, the rest were follow-on investments into our current portfolio. Our investments in 2013 included: Appear Here, Boticca.com, Gousto,Invenias, Love Home Swap, Masabi, MBA & Company, NewVoiceMedia, Somo, Tyres On The Drive, Wedo and Wool and the Gang. These deals attracted co-investment in every case, mostly from international institutional investors.
We are seeing an unparalleled quality of deal flow which has allowed us to continue our strong investment rate. The increase in entrepreneurial activity and seed funding over the last few years has resulted in a lot of fantastic opportunities at early stage and Series A. But don’t just take our word for it – last week it was announced that 10% of the Everline Future 50, a list created to recognise the UK’s most exciting and most disruptive early-stage businesses, were MMC-backed companies.
For more details on the findings of the Beauhurst report, read the article via GrowthBusiness.
For more information and the Everline Future 50 full list of winners read the article via Real Business or see the MMC-backed winners below:
appearhere – a marketplace for landlords to find tenants for commercial property.
Boticca.com – the world’s luxury bazaar of fashion accessories.
Gousto – a unique twist on the takeaway market.
Reevoo – customer review platform.
TyresOnTheDrive – a mobile tyre-fitting service.