Scaleup programmes
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MMC Ventures [2022]
Finance and Risk Capital
Impact for scaleups
53
UK companies backed
44%
Follow-on investments
100%
Investments outside London
22
Growth-stage investments
Key sectors
MMC has a strong track record in supporting scaleups. The firm manages funds for private individuals and institutions and has approximately $1.2bn under management. It backs “transformative” technology companies, investing approximately £30m per annum in new investments and follow-on capital. It is the first commercial venture capital firm in the UK to qualify as a B Corp.
Founded in 2000, MMC targets an initial investment of £1-5m and can support further growth of “knowledge intensive companies” with up to £20m. Its £100m Scale-Up Fund provides expansion capital to portfolio companies once they have grown beyond the limits of EIS investment, and can also participate in secondary transactions, offering liquidity to early MMC and third-party investors.
Notable scaleups it has backed to date include Gousto, insurtech YuLife, mobile ticketing company Masabi and flower delivery firm Bloom & Wild.
Portfolio companies benefit from a peer learning network programme, where companies are paired with a relevant counterpart to meet/zoom for one hour each month for six months – and there is also the flexibility to tailor the relationship to suit their individual needs.
MMC also assists investee companies in areas including international expansion, senior hiring, access to potential clients, corporate governance, fundraising, bank finance and exit. Its research team works closely with investee company founders to help businesses grow. Themed events are hosted regularly and podcasts and videos are available on their website.
