🙌 Today we welcome SEVEN businesses from our inaugural PraeSeed cohort to our portfolio! It's a big moment for us, but huge for the companies we backed.
⌚ Earlier this year, you’ll remember we launched #PraeSeed to identify early-stage, pre-seed companies for #NPIFII to support, as part of a wider mission to provide the #NextInTheNorth with the funding they need to scale and make a significant impact.
💷 Now we have the great privilege of celebrating the companies that have gone on to receive £200k of funding each from the programme. In no particular order, they are: CCI Photonics, BidScript, Robotiz3d Ltd, North AI, Aquaint, ScrubMarine, and WAC.
🤝 A huge thank you to everyone who made #PraeSeed possible by being so generous with their time. A special thanks also to Adam Kaucher, partner, and the team at Irwin Mitchell, who acted on our behalf for all the above deals and whose team were instrumental in designing the legal framework for #PraeSeed and making it happen.
👍 Also to Darren Ormsby, partner (DWF Law LLP); Daniel Hall, partner, and Jon Edwards, corporate associate (Eversheds Sutherland); Emma Norman-Jones, corporate solicitor (Brabners); Kelly Clarke (née Harvey), legal director, and Jennifer Murphy, senior associate (TLT LLP); Carly Gulliver, partner, and Gavin Smith, managing associate (Addleshaw Goddard).
📈 We're proud that the feedback for PraeSeed from those who took part in our first cohort has been unanimously positive and we're looking forward to the programme returning again next year.
🤝 PraeSeed has and will continue to provide – among other support – mentorship, workshops from later-stage founders and core insights from our investment and portfolio teams around everything from fundraising to go-to market strategies.
👏 Thanks to the British Business Bank, whose funding through #NPIFII made this possible, and to all of the incredible people within and outside Praetura that made this happen. You know who you are. Keen to learn more? Remember PraeSeed will be returning next year, so keep an eye out!
🗞️ Check out the full story here via Prolific North: https://lnkd.in/enq9yzCR