A Newton Aycliffe-based fintech funding agency is eyeing additional progress after hitting the £35m funding landmark.
Launched in 2014, Development Capital Ventures (GVC) is an FCA-authorised funding agency designed to assist buyers construct a diversified funding portfolio, whereas serving to entrepreneurs elevate capital to launch and scale excessive progress companies.
GCV now employs a workforce of 22 and has facilitated £35m of funding into quite a few high-growth companies, together with challenger banks Atom Financial institution and Financial institution North, in addition to expertise companies Hive.HR and Intelligence Fusion.
Moreover, GCV’s property workforce has created a pipeline of property-based transactions which is predicted to supply greater than 300 properties all through the North East over the approaching years.
Over the previous 12 months, GCV has restructured the enterprise and its senior operations workforce because it prepares for additional growth, which incorporates quite a few senior promotions and appointments.
Co-founder and chief govt Norm Peterson stated: “The brand new construction means we have now the suitable individuals in place to assist our subsequent section of progress, which is able to contain increasing the G-Ventures investor community and the formal launch of G-Labs, an in-house enterprise builder.
“We’re actually enthusiastic about this subsequent section of progress; the enterprise builder mannequin is a brand new idea within the UK. G-Labs has been created to assist technology-focused start-ups to launch and scale quick. We have now assembled an skilled workforce of software program engineers and start-up specialists.
“Working alongside entrepreneurs and co-founders, we assist our ventures from start-up to scale, to exit. We make investments extra than simply funds; we make investments our information and expertise, our concepts and our infrastructure.”