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The Finance Durham Fund is an evergreen investment vehicle based in Durham, United Kingdom, that provides flexible equity, debt, and mezzanine financing to support business growth and job creation across all commercial sectors. Backed by an initial £20 million capital allocation, the fund issues individual investments ranging from £150,000 to £2 million for both early-stage and established companies relocating to or operating within the area. The financial structure also includes a 10 percent ring-fenced allocation specifically designed to issue smaller incubator investments of up to £40,000 for local startups. Managed by Maven Capital Partners and overseen by Business Durham, the fund has built a diverse portfolio that includes regional companies such as Moralbox, Durham Gin, and Parsons Containers. The Finance Durham Fund was officially established in 2017 by its founding organization, the Durham County Council.
Finance Durham Fund has 2 tracked investments across 2 companies. The latest tracked deal is $35.0M Series C Extension in PRAGMATIC in December 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 14, 2022 | PRAGMATIC | $35.0M Series C Extension | — | British Patient Capital, IN Q TEL, Maven Capital Partners, Prosperity7 Ventures |
| Dec 14, 2022 | Pragmatic Semiconductor | $35.0M Series C Extension | — | Catherine Lewis LA Torre CBE, IN Q TEL, Maven Capital Partners, Prosperity7 Ventures |
