London Fund

The MMC London Fund aims to promote and drive SME investment in the capital.


MMC won a competitive tender to launch the London Fund in 2013. The Mayor of London is the sole investor in the fund which is partly financed by a grant from the European Regional Development Fund and Funding London.

The £14m fund is specifically focused on investment in London businesses and as it is a ‘matching fund’, at least £28m will actually be invested in the capital as a result. The London Fund co-invests alongside other venture capital firms, business angels and other MMC Funds including the EIS Fund.


The London Fund seeks to provide funding for early stage, fast-growing businesses in London. It is suitable for companies that have grown beyond the seed stage, have demonstrated commercial traction and revenue, and are seeking follow-on capital to accelerate their growth.

It aims to create and safeguard jobs in the capital and stimulate growth within the burgeoning SME community operating within it. To date the fund has invested in 19 companies. We have deployed the cash in a wide range of businesses, from bespoke knitting companies to an online provider of pop-up retail space!


The Fund targets businesses that can generate significant levels of economic growth as well as strong venture returns. It has been set up to invest in London’s most important strategic business sectors, as defined by the Mayor’s Economic Development Strategy: financial services; creative industries; the ‘digital economy’; leisure; education; and healthcare.  Companies in the London Fund portfolio include; Appear Here, Mubi, Wool and the Gang and Mastered.


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