risingstars growth fund ii lp
TRANSCRIPT
RisingStars Growth Fund II LP
Early-stage Technology Investment
Dr Mark Rahn
Meet the Investors 4th March 2008
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Introduction
• Enterprise Ventures is a fund management company
• Investment focus in the North of England
• Funds under management:-
– RisingStars – Early-Stage Technology >£250k - £1000k
– Coalfields – Generalist Enterprsie Fund ~£500k
– Rosebud – Generalist Lancashire Fund - £5k - £500k
• Offices in Leeds, Manchester and Preston.
• Also located in Rotherham with the South Yorkshire
Investment Fund
• 9 investment managers
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Technology Funds
• Three dedicated technology funds under management:-
– RisingStars – £19m, fully invested and managing the portfolio
– RisingStars II - £14 and currently investing
– South Yorkshire Seedcorn Fund – £2m and currently investing
• RisingStars II is 100% commercial money
• South Yorkshire Seedcorn Fund co-invests with RisingStars II on
deals in South Yorkshire
• ~40 deals to date: typical £200-500k first round commitment
• We follow our money from proof of concept, through
commercialisation and to exit
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Julian Viggars(Head of Technology Investment)
Edward French(Software)
Mark Wyatt(Green and Med tech)
RisingStars team
Mark Rahn(semiconductors, materials and instruments)
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What does RisingStars look for?
• Commercial return - Market opportunity
– Large market (>£200m)– Favourable tail wind
• Growing or emerging market, • A well recognised problem or pain, • technology disruption
– Scaleable business model– Barriers to entry (behind you)
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• Commercial return – value for money
– Low cash burn before the concept is proven– Business description that identifies an opportunity– Plan that addresses the key risks
• People
• Technical
• Commercial
What does RisingStars look for?
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What does RisingStars contribute?
• Money
• We look to build a high calibre team
– A good team can be assembled around a good idea
– RisingStars has recruited scores of CEOs, NXDs and Chairmen.
• Access to contacts / market intelligence
• Birds-eye view of the early-stage technology space
• Hands on support where necessary
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We Invest in technology
Happy to invest at proof of concept stage
Bright people with bright ideas
To make things happen
mark. rahn @ enterprise-ventures.co.uk07876 563043
Please contact us………