Impact for scaleups
Investments outside of London
Founded in 1988, Beringea focuses on investing in established companies, with run-rate revenues of at least £500,000, and with potential for rapid growth. The firm currently has more than 60 portfolio companies in a range of emerging sectors, including media, healthcare and life sciences, internet technologies, advanced manufacturing, clean tech and specialised consumer goods. In its last financial year (for year ending 29 February 2020) it had invested £6.8m in six new portfolio companies and £4.1m in seven existing portfolio companies.
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.
The firm opened an office in Manchester in 2019 and has stated its commitment to investing in the UK regions. In 2020, the firm has been recognised for its support and promotion of women investors in the global private equity industry.