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NPIF II – Praetura Equity Finance

Venture Capital

Managed by Praetura as part of the Northern Powerhouse Investment Fund II, providing equity financing to growing businesses.

Portfolio

6

companies


Portfolio companies

OL

OBT Live

OBT Live delivers real-time engagement software that helps brands increase consumer loyalty.

SiSU Health

SiSU Health

SiSU Health provides self-service digital health checks and preventative solutions.

PC

Pill Connect

Pill Connect builds digital tracking devices to monitor medication adherence in clinical trials.

C

CareLoop

CareLoop provides a digital therapeutic platform for severe mental illness.

BOW

BOW

BOW offers a universal software platform that simplifies robotics programming for developers.

M

Mojo-CX

Mojo-CX develops artificial intelligence tools to analyse and improve customer service conversations.


Recent investments

Series A
£2.3M

The Liverpool technology firm raised the Series A capital to expand its team and accelerate market penetration.

"Securing this investment is a significant milestone for OBT Live. It not only validates our vision but also provides the resources to scale our operations and enhance our service offerings. We’re excited to partner with Praetura Ventures, whose commitment to supporting northern tech businesses aligns perfectly with our growth ambitions."
— Paul Shannon, Co-CEO & Founder
Seed
£1.3M

The investment was backed by the GMC Life Sciences Fund By Praetura and NPIF II, Praetura Equity Finance.

"We’re building a future where everyone has the tools and confidence to take control of their health — wherever they are. This funding allows us to scale our digital platform, extend our reach into new communities, and strengthen our collaborations and integrations across employer, public health and primary care. Prevention has to be proactive, accessible and data-informed — and that’s exactly what SiSU Health delivers."
— Samantha Fay, CEO
£260M

The Manchester medtech company raised backing from the GMC Life Sciences Fund and NPIF II to expand its team and fulfill commercial contracts.

"Following a period of intensive development, during which we priortised quality, our customers’ needs and patient outcomes, I am delighted to see Pill Connect move into commercial adoption. Our dispensers are now being used in clinical trials, ensuring that one of the most critical factors – the drug being taken – is now both measurable and can be acted upon during a clinical trial."
— James Burnstone, CEO
Seed
£1.8M

Praetura Ventures and Verge HealthTech Fund co-led the seed round to support preventative care for severe mental illness.

"We understood CareLoop’s mission, vision for transforming severe mental illness aftercare and the wider roadmap from our very first meeting with the team. Fast-forward to the present day and we’re incredibly excited to not only be supporting the company with investment but also the more than money guidance and network support it needs to scale and deploy its technology across the NHS and other global health institutions. The company is a testament to the quality of spinouts coming out of the University of Manchester, and the North West’s universities more generally. In addition, it’s great to see the GMC Life Sciences Fund by Praetura and the NPIFII – Praetura Equity Finance funds collaborate alongside co-investors from the UK and Singapore."
— Sim Singh-Landa, head of the GMC Life Sciences Fund By Praetura
Seed
£4.0M

Northern Gritstone led the seed round with backing from Finance Yorkshire and NPIF II, Praetura Equity Finance to fund team expansion and product development.

"The robotics market is growing fast, but that growth would be exponentially higher if the tremendous cost and complexity of programming robots were reduced. Robotics has an almost unlimited potential to help humanity solve global challenges, but the world simply can’t afford to wait for robotics to standardise around a single operating system and coding language. BOW’s universal software platform and SDK elegantly solve this intractable problem by enabling any software developer to program various types of robots using the coding language of their choice, make portable applications and enable easy interoperability between any make and model of robot. This £4 million seed investment, led by Northern Gritstone, will be used to build on our strong commercial traction to date, expand our brilliant team and accelerate our product development so we can unleash the full potential of robotics for the betterment of our world."
— Nick Thompson, CEO
£2.3M

The funding round was led by NPIF II, Praetura Equity Finance and will support technology development and team expansion.

"We’re absolutely thrilled to receive this investment from NPIF II – Praetura, as well as River Capital, Foresight, the Greater Manchester Combined Authority and MEIF, which will be instrumental in driving the next stage of growth for Mojo-CX. With this new injection of capital and ideas, MOJO-CX will accelerate our vision of redefining customer contact, for customers, for brands and for employees through the use of AI. As a proud northerner, this funding also allows us to deepen our commitment to the region by creating high-quality jobs and fostering a thriving tech community here in the North West. This is a pivotal moment for MOJO as a business and for the contact centre market, and I can’t wait to see what we can achieve in this space."
— Jimmy Hosang, CEO