Panoramic Growth Equity Holds First Close of VC Fund at £34M

Venture capital firm Panoramic Growth Equity has announced that its Panoramic Enterprise Capital Fund 1 has made an initial close at £34m.

The fund, which attracted commitments from financial institutions, high net-worth individuals and the UK Government, which pledged £21.7m, will invest in UK-based fast-growing later-stage small companies, with individual operation ranging between £0.5m and £2.0m.

The management team of the fund include Stephen Campbell, David Wilson and Malcolm Kpedekpo.

14/06/2010