N4 Ventures has launched its maiden venture capital fund, after recently gaining regulatory approval from the Financial Conduct Authority.
With a targeted fund size of £3m to £5m, the Scottish-headquartered firm aims to invest between £100,000 and £750,000 in up to 20 Enterprise Investment Scheme-qualifying companies emerging throughout the UK, with a focus on utilising the firm’s network across Scotland.
Already holding established arrangements with organisations including universities and accelerators across the UK, the N4 Ventures team will combine its existing access to regular deal flow, while using Capital Pilot’s Investability Rating System to assess the investment case for each potential investee company, in comparison to the traditional method of manually scrutinising each deal.
