Manchester-based Praetura Ventures today announces it is raising money for its second Enterprise Investment Scheme (EIS) fund, the Praetura EIS 2020 Fund.
The company plans to raise up to £10m to invest in around six to eight early-stage companies predominantly in the North of England. This comes less than six months after the venture capital firm’s record-breaking £15m maiden EIS fundraise.
Since closing its 2019 fund in May this year, Praetura has already invested a total of £7.3m in a number of exciting early-stage businesses, including ecommerce platform Dr Fertility and conversation-as-a-service chatbot provider Futr.
The firm has invested alongside globally recognised businesses – Shell Ventures, when it backed energy management company Steamaco in June, and Merian Chrysalis Investment Company, when it backed technology company Sorted, in July.
Praetura aims to have fully deployed the Praetura 2019 EIS Fund by November 2019.