The Innovators: New BGF fund targets early stage technology businesses
THE Birmingham-based Business Growth Fund (BGF) is expanding its activities by launching what is believed to be the largest ever venture capital fund dedicated to earlier stage UK technology companies.
The £200m fund will be run by a new, dedicated team and will open for business in the autumn.
The initial team will be Rory Stirling and Harry Briggs, both of whom bring extensive venture experience from MMC Ventures and Balderton Capital respectively, and Simon Calver, former chief executive of Lovefilm.
