Newable launches fund targeting early-stage companies
- On February 4, 2019
- By GrowthInvest Admin
London-based Newable Private Investing has launched its first evergreen fund targeting young companies wanting to scale up.
With an initial raise of £10m in the first year, the Newable Scaleup Fund 3 addresses the investment gap between seed stage and Series A, targeting high-growth early-stage companies that have moved from concept to a working business model but don’t yet have the numbers to attract VC or private equity money.
NPI aims to invest in seven to ten such businesses operating in knowledge-intensive industries through the EIS fund, with particular emphasis on the specialist areas of electronics, automation, medtech, and spacetech.
Focused on investing in game-changing technologies, the fund provides a gateway to Series A for visionary businesses that are now looking to scale commercial operations. Newable and NPI’s Investment Committee are directly investing into the fund.
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