A Newcastle-based businessman is set to launch a new investment fund to support ‘disruptive’ tech companies.
Jeremy Middleton CBE is going ahead with plans to launch the Conviction Investment Partners Founders Fund through his co-founded firm Conviction Investment Partners.
The fund will focus on ‘disruptive’ fast growth B2B software ventures that have the potential to scale globally.
The Conviction Investment Partners Founders Fund hopes to make between 15 and 20 investments, despite the ongoing COVID-19 pandemic.
Jeremy Middleton commented: “Venture capital should always be deployed for the long-term; at least five years not five months. An investable business with a fantastic idea two weeks ago does not automatically lose its potency because of this temporary emergency.
“We are still investing and will be launching this fund over the next three months and encouraging other investors to join us. The world will return to normal and businesses still need financial support to grow and develop.
“Imaginative and forward-thinking tech firms have proved their worth during this sudden downturn.
“We believe we are backing the winners. World beating tech companies with big ideas. Now is not the time to shy away but, for the right company with the right idea, it is the time to invest.”
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