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Programme

Beringea

Finance and Risk Capital

Impact for scaleups

37

UK companies backed

27%

Follow-on investments

32%

Investments outside of London

33

Growth-stage investments

Key sectors

Creative, digital, film, games & media Environmental Science & Technology Healthcare Professional services Technology & Communications

The firm invests in the UK, EU and USA, focusing on healthcare, cleantech, consumer, media, business services and technology. In the UK and EU, its typical initial investments are between £1-10m into companies with at least £1m turnover. Beringea manages more than $700m in funds in the UK and the US. In the UK, Beringea manages three VCTs, including ProVen VCT and ProVen Growth and Income VCT. It is also a co-manager of the Michigan Growth Capital Partners Funds in the USA.

Between January 2014 to June 2021 Beringea supported 37 UK-based companies in 51 fundraising rounds, investing a total of £321m. 

Current scaleups in its portfolio include the photography ecommerce business MPB (see 2020 scaleup stories) and Britain’s leading e-sports brand Fnatic. It has also invested in Utilis, which uses satellite-based technology to detect drinking water pipeline leaks, and Moonshot, which reaches people at risk of violent extremism to offer them an alternative path. The average turnover of companies supported by Beringea in the period between January 2014 to June 2021 was £21.2m and the average number of employees was 93.

The firm runs its own Scaleup Academy, an annual programme of events and training to help the leadership teams of its portfolio companies overcome barriers to scale, and emphasises its capabilities in assisting the transatlantic expansion strategies of its portfolio companies.

It has also been a leading figure in the creation of an industry initiative – ESG_VC – to support early-stage companies to measure, monitor and maximise their performance against key ESG metrics.

                       

Beringea website