1 / 13

Presentation for Yorkshire Universities Proof of Commercial Concept Fund Leeds, 5 March 2008

Presentation for Yorkshire Universities Proof of Commercial Concept Fund Leeds, 5 March 2008 Andrew Burton Managing Director. What is it?. £5.0m, co-investment fund For early-growth, technology-based companies Yorkshire and The Humber region only To be matched £ for £ by business angels

sydney
Télécharger la présentation

Presentation for Yorkshire Universities Proof of Commercial Concept Fund Leeds, 5 March 2008

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Presentation for Yorkshire Universities Proof of Commercial Concept Fund Leeds, 5 March 2008 Andrew Burton Managing Director

  2. What is it? • £5.0m, co-investment fund • For early-growth, technology-based companies • Yorkshire and The Humber region only • To be matched £ for £ by business angels • Four years into a ten year life • £1.4m more to invest (£1.1m in 2008/09) • Viking Club, co-investment angels

  3. How does it work? 10 to 30 Members Private Angel Investors Deal Flow Direct investment (£) Direct investment (£) Matching investment (£) DTI £5.0m repayable grant Investee Company

  4. Max. Equity raised in Round £250,000 £200,000 > £100,000 £100,000 £100,000 Viking territory! Viking Fund Private Funds Maximum £400,000 (fully matched) in any one company (to prevent dilution) Private Funds (£75k) Viking Fund Viking Fund (£75k) Target Maximum First Round Investment Investment All Rounds

  5. What do we look for? • Potential for 10x growth in value over 5 years • Defensible IP, compelling proposition • Management team – qualities/mix/experience • Commitment – foregone, investment, effort • Reference trials, user belief, customer need • Sales prospects pipeline, tactical plan • Tight cash management • Development roadmap

  6. The story so far .. • Launched in June 2004 • 275 applications • 36 investments, incl. 16 follow-on rounds • £2.6 m invested by Viking Fund • £3.4 m matching angel investment • 92% in equity, 8% in loans • One AIM float • Three at major VC fund raising • One investment (£25k) written off

  7. Viking Fund Statistics

  8. Portfolio Sector Split

  9. Portfolio Location

  10. Scensive Technologies Ltd.

  11. How does Viking add value? • Syndicate leader for business angels • Equity has given comfort for loans and grants • Non-executive support, board governance • Fund establishes a discipline of reporting • Lead investor on most second rounds • Patient investor, continuity, exit strategies • Portfolio offers inter-company linkages • We like to build long-term relationships

  12. Andrew Burton Managing Director Tracey Smith Operations Manager 01924 227237 Metic House Ripley Drive Normanton West Yorkshire WF6 1QT www.vikingfund.co.uk

More Related