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Northstar Ventures

Northstar Ventures

Venture Capital

Venture capital and social investment firm based in the North East providing funding for innovative businesses and high impact social enterprises.

Portfolio

7

companies


Portfolio companies

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onHand

An employee volunteering and sustainability platform connecting corporate teams with local social impact initiatives.

One Utility Bill

One Utility Bill

Simplifying household utilities and billing administration for tenants and landlords.

Hicomply

Hicomply

Hicomply provides a software platform that automates information security compliance for small and medium enterprises.

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Manus Neurodynamica

Manus Neurodynamica develops digital health tools to detect early signs of neurological conditions.

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gliff.ai

Gliff develops artificial intelligence tools and data curation software for healthcare applications.

incuto

incuto

Digital banking platform provider for credit unions and community banks.

Donr

Donr

Donr operates a text donation platform connecting UK charities with mobile donors.


Team

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Ian Richards

director

Ian brings venture capital and portfolio management experience from Northstar Ventures and 3i Group.

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Richard Charnley

Investment Manager

Richard brings venture capital and finance experience from Northstar Ventures and Red Rover Interactive. He previously held investment roles at Accelerated Digital Ventures and Entrust.

LinkedIn
Alex Buchan

Alex Buchan

Alex is an investment manager at Northstar Ventures. His prior experience includes equity sales at UBS and European sales leadership roles at Compugen and Strategic Diagnostics.

LinkedIn
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Rick Charnley

Investment Manager

Rick brings investment and finance experience from roles at Northstar Ventures, Accelerated Digital Ventures, and Red Rover Interactive.

Stephen Price

Stephen Price

Investment Director

Stephen brings early-stage investment experience across climate technology and deep tech. He serves as an investment director at Northstar Ventures and holds board observer and director roles at several portfolio companies.

LinkedIn
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Khadija Ashfaq

Investment Manager


Recent investments

Seed
£3.3M

The pre-series A round was led by 24Haymarket with backing from Northstar Ventures, UKRI, and Dhiraj Mukherjee.

"Whilst most companies have some form of volunteering or a social good program, typically engagement is really low. We solve that by making doing good bite-size, on-demand and based on your exact location with off-the-charts employee engagement results. That’s because the world wants to do good: we’ve just made it so much easier. This raise lets us help businesses everywhere deliver incredible impact."
— Sanjay Lobo, CEO
Series A
£1.6M

The Newcastle-based utility platform has raised a follow-on investment led by DSW Ventures and Northstar Ventures to scale operations and enhance technology.

"We’re delighted to raise this follow-on round from our investors, our second investment in a challenging but very rewarding 12-month period. This is a huge vote of confidence in our business and reflects the incredible progress that the One Utility Bill team has achieved over the last 12 months. We’ll be using the funds to further accelerate our customer growth and invest in our technology."
— Chris Dawson, CEO
Seed
£375K

Northstar Ventures backed the Durham technology firm with capital from regional innovation funds.

"We are absolutely delighted that our Durham company can continue to grow at the global leading edge of technology innovation. The world is becoming more and more reliant upon artificial intelligence. AI is only as good as the data that is used to create it. Our products will make AI safer and easier to use."
— Bill Shepherd, CEO
Seed
£1.8M

The funding round was led by Mercia with participation from the Future Fund, Ascension Ventures, and Northstar Ventures.

"We’ve been extremely busy supporting our credit union partners during Covid-19. The lockdown not only escalated the need for credit unions to offer their members digital access, but also to communicate with them more regularly and effectively, something our technology also enables them to do. Credit unions have been at the forefront of supporting financially excluded and often vulnerable individuals and families over recent months, so we are delighted to offer them technology which not only better supports existing members in a digital world, but also enables them to promote their message of ethical, supportive banking to a wider audience."
— Andrew Rabbitt, CEO
Seed
£350K

The funding round was backed by Northstar Ventures and angel investor Andrew Robson to support product development.

"On average, we check our smartphones every 12 minutes – they’re always in our immediate reach. Text giving is a really simple and accessible way for anyone to make a one-off or monthly donation to a charity in less than a minute."
— Chris Newell, CEO
Series A
£1.7M

DSW Angels led the Series A round to support platform development and business expansion.

"The last few years have been incredibly exciting for us. This new investment will enable us to further build a stable and scalable platform for growth. Our customer-first approach means that people trust us and come back year after year. We now serve thousands of students, young professionals, families and others with our all in one service. Dale and I are excited about the next stage of growth which will include expanding the team based in Newcastle."
— Chris Dawson, CEO