Growth Capital Ventures secures £750k seed investment from Maven to scale operations
The funding from Maven will support the expansion of the firm's business units and software platform.
Growth Capital Ventures operates as an FCA authorised fintech firm providing investment platforms and venture building services for entrepreneurs and investors.
Growth Capital Ventures has secured £750k in seed funding from Maven via the Finance Durham Fund. The capital will enable the firm to scale its G-Labs, G-Ventures, and Quva divisions while relocating to larger premises in County Durham.
Established in 2015, the fintech business operates an online investor platform and venture builder unit aimed at aligning the interests of investors and founders. The latest funding provides crucial backing as the company expands its software solutions for alternative asset managers.
Maven manages the Finance Durham Fund, which was created by Durham County Council and is overseen by Business Durham. The investment supports local economic development and the growth of the regional fintech sector.
From the founder
"We are delighted to have secured £750,000 of investment from the Finance Durham Fund to support the next stage of our growth. The fund has already backed some exciting businesses in County Durham and we’re thrilled that key partners involved in the fund have bought into our vision to support the region’s ambitious, high-growth businesses."
Craig Peterson
Chief operating officer at Growth Capital Ventures
Investor perspective
"GCV has developed an innovative software solution that considerably streamlines the investment process for investors, and the company is uniquely placed to capitalise on current market conditions. The company has grown to be one of the most high-profile venture builders and incubators in the North East and this is a great opportunity for Finance Durham to support a Durham-based business in not only scaling itself, but supporting the next generation of local entrepreneurs across the county and region as a whole. We very much look forward to continuing working and supporting GCV now and in the coming years."
David Nixon
Senior Investment Manager, Maven Capital Partners
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Categories
About the company
Growth Capital Ventures
Fintech firm building investment platforms and supporting high-growth businesses.