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Midven

Midven

Venture Capital

A fund manager that is part of Future Planet Capital and manages the West Midlands Co-Investment Fund.


Recent investments

Series A
£625K

Midven backed the pharmaceutical sourcing platform through the Midlands Engine Investment Fund.

"Drug shortages are placing increasing pressure on pharmacists, and disrupting patients’ medical treatments, on a worldwide basis. MEIF investment will allow iethico to re-engineer the medicine procurement process, providing more reliable access to pharmacists and enabling better outcomes for patients."
— Tony Stott, CEO and Fund Principal
Seed
£1.0M

Midven provided £1m in seed funding to help the cybersecurity provider accelerate growth and expand its team.

"METCLOUD has the potential to become a major international brand and this initial investment from Midven and harnessing the Midlands Engine Investment Fund is a prime example of why this fund was set up – to transform small innovative businesses that are looking to scale up which can then make significant contributions to the local and national economy."
— Ian Vickers, CEO
Seed

Midven backed the Staffordshire luxury travel agency to help grow its property portfolio and create 25 new roles.

"There are large segments of consumers who have the disposable income to take multiple holidays with many of them prepared to pay for a premium/luxury offering and service. With this trend comes a significant opportunity for Luxury Cottages to build its brand and grow its revenue, particularly after consumers have sampled staycations over the last 18 months because of COVID restrictions, and now have a flavour for better quality/luxury accommodation. This management team have many years' experience within this market, and I believe they have the skills to grow this business into a significant organisation that will attract acquirers."
— Giovanni Finocchio, Investment Director
Seed
£500K

The investment from the Midlands Engine Investment Fund will support the company as it expands its team and rolls out its road safety application.

"For too long, the insurance industry has had limited visibility of driver knowledge and skills data upon which to base underwriting and pricing decisions. We’re changing that with RoadHow. Through RoadHow, we will be able to provide insurance companies with real data that will create a much stronger relationship for both the insurance company and the driver. We want to reward good behaviour through data."
— Adrian Ryan, Chief Executive Officer