Slides that accompanied the West of England Quarterly Investment Briefing on Thurs 6th December. For more details on the event,

1. Q4 Quarterly
Investment
Briefing
Investment funds + fun
Thursday 6th December
@EngineShed_BB
#QIBriefing

2. Agenda
16:00 - 16:15 Tea, coffee, welcome
16:15 – 16:55 Sharing and learning
+ Tim Morgan, MintDigital
+ Jake Ronay, SETsquared Partnership
16:55 – 17:10 What Beauhurst data tells us
17:10 – 18:30 Networking and drinks

3. QIB Guiding Principles
Those who attend the Quarterly Investment Briefing share
three common principles:
• Whoever attends is an active or potentially active investor, or
manager of investors – or enabler of investment activity.
• Whatever is presented is informative, fact-based and regionally
relevant.
• We value the opportunity to learn equally with the
opportunity to share.

4. Investment Funds – the landscape
• Birmingham // Midlands Engine Investment Fund (£250m total)
• £100m equity finance for SMEs
• Partially ERDF funded
• Managed by British Business Bank // Mercia
• Wales (c. £38+m for Tech)
• Welsh Development Bank £1b across 11 funds
• Tech Seed Fund and Tech Investment Fund and Angel Co-investment Fund
• ‘willing to move to Wales’
• Cornwall // Isles of Scilly Investment Fund (£40m)
• Debt and equity fund, partially ERDF 2014 – 2020
• Collaboration with British Business Bank

5. Investment Funds – Looking local
Main seed investment infrastructure:
- Bristol Private Equity Club (BPEC)
- ‘Incubators’ – RocketMakers and SimpleWeb Ventures
- Informal angel investor links – often through hubs // regional contact points
Later stage
- Investors in residence at Engine Shed
- Warm introductions through incubators
Parkwalk Investment Fund
- University spinouts and SETsquared businesses
https://scaleupgenerator.co.uk/investment

6. @thetimmorgan
Tim Morgan
MintDigital

7. Identifies 323 equity backed ‘scale-up
businesses’ in the West of England

8. Five ‘triggers’ for inclusion
Secured
equity
investment
1
Secured
venture debt
2
Completed
management
buyout/in
3
Participated
in selected
accelerator
programmes
4
Has been or
is a scale-up
5

9. • 143 Seed
• 67 Venture
• 51 Growth
• 5 Zombie
• 16 Exited
• 40 Dead

10. Top funders by number of raisings

11. Top funders by value of fundraisings

12. Sectors

13. Fundraisings

14. 2018
106 fundraisings
£136.5m total
2017
134 fundraisings
£285.4m total
2016
111 fundraisings
£91.8m total
2015
95 fundraisings
£101.8m total
2014
88 fundraisings
£61.8m total

15. Ultrahaptics
Ultrasound hardware
Raised successfully in Q4 2018 (20)
Best Practice Network
Prof. & school development
Carbometrics
Carbohydrate-binding molecule
The Fan’s Agency
Professional football agency
Pushme
Manufactures bicycle batteries
Optimum Finance
Invoice finance services for SMEs
Aspirations IFA
Biz & personal financial services
Fresh-range
Grocery deliveries website
Auroch Digital
develops/publishes video games
Vitamica
Antibody testing device
Qlm Technology
Quantum sensing system
Fabrizio Viti
High-end footwear
Pinweld
Car plastic welding
citrusHR
HR services
Phronesis Technologies
Mobile phone verification
Studio Six
Design, advertising and branding
Imophoron
Range of therapeutics
Ocean Laundry
Washing, workwear repair + rental
This is Boxing
Hosts and organises live boxing
NuNano
Develops and produces probes

16. Raising Q4 2018 – an open call
Zeetta Networks
£10M Series A – Optical and network function
virtualisation.
GapSquare
£2M – brings the power of data science to talent
management.
+ Synseer
Engine Shed is a trading activity of The Science Research Foundation whose mission is to stimulate sustainable and inclusive economic growth as an honest broker.
Engine Shed does not give advice on the risks of investment and is not authorised to carry on investment business under the Financial Services and Markets Act 2000 (‘the Act’).
Before investing in a project about which by Engine Shed, potential investors are strongly recommended to take advice from a person authorised under the Act who specialises in advising on investments of this nature.
Engine Shed is not recommending in any way any business or investment opportunity, merely public highlighting information it is aware of.
FlourishZone
£400k – AI coaching platform to help people and
organisations do better (InnovateUK £1m)
LUX Rewards
£300k – app for discovering local fine dining
restaurants and collecting points.
https://www.luxrewards.co.uk/investors
Helpful Peeps
£250k – online platform that enables people to find
the help they need in their local area (33k remains)
https://www.seedrs.com/helpfulpeeps
ArtHaus
£150 - 250k – online platform for discovering
contemporary original art.
Mimir
£100 – 150k – AI driven lead generation business
tool. (Welsh Dev’t bank match funding).

19. What next?
1. Pick up one page summaries
2. Read and share the Quarterly Investment in Brief
(newsletter)
3. Let me know what you’d like to see next year

20. Quarterly
Investment
Briefing
For your diary:
Thursday 6 December 15:00 tbc
Venue – central Bristol
@EngineShed_BB
#QIBriefing
Wifi: EngineShed
Pw: GreaterBristol