MMC Ventures has announced the launch of its new Scale Up Fund, worth £100m, which will focus on reinvesting in its own portfolio of mature companies. This fund is specifically designed for MMC’s roster of firms that have outgrown the firm’s other funds, such as Interactive Investor and Safeguard Global[^1^]. In the past year alone, MMC has raised a total of £200m, including their early-stage fund and annual EIS relief raise[^1^]. The company has relocated its headquarters to Holborn as part of its expansion plans[^1^].
Some of MMC’s previous successful investments include Bloom & Wild, Gousto, and healthcare app Echo[^1^]. This new fund allows MMC to further support these successful businesses, while also providing investors with opportunities for full or partial exits from their early investments[^1^]. Bruce Macfarlane, co-founder and managing partner at MMC, describes the launch of the Scale Up Fund as a significant innovation in the UK venture market[^1^].
Bluetower Associates has acted as an adviser and placement agent for MMC during the fundraising process for the Scale Up Fund[^1^].
[![Image Credit: Gousto](insert_image_url_here)](insert_image_url_here)
Reported today on City AM
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MMC Ventures has today revealed the close of its first fund for re-investing in its own portfolio of mature companies at £100m.The Scaleup Fund will provide capital to current firms in MMC’s roster that have outgrown the firm’s other funds, such as Interactive Investor and Safeguard Global.MMC, which was an early investor in the likes of Bloom & Wild, Gousto and healthcare app Echo, has now raised £200m in the last 12 months alone alongside its £52m early-stage fund and annual EIS relief raise.The firm relocated to Holborn earlier this year as it grows its team.Read more: Revolut investor Balderton Capital unveils $400m seventh fund“2019 has been a big year for our firm, and the launch of our new Scale Up Fund represents a scale up moment for MMC as well as a significant innovation in the UK venture market,” said Bruce Macfarlane, co-founder and managing partner at MMC.“This fund allows us to double down on our most successful businesses while enabling our investors, and others, to take full or partial exits from early investments.“We will continue to focus on our core specialism as a series A investor, but I am delighted we can support entrepreneurs with funding through their lifecycle, from the very beginning, through growth, then later stage expansion capital.”Bluetower Associates acted as an adviser and placement agent to MMC for the Scaleup Fund’s raising.Image credit: Gousto