EHE Ventures has launched a £15m growth fund focusing on AI-first companies.
The S/EIS AI Growth Fund will invest in early-stage businesses that are “redefining traditional industries through AI innovation.”
As part of the offering, EHE will offer founders a “comprehensive venture studio experience” through a partnership with its sister company, The Startup Factory. This means offering technical build expertise and guidance from “seasoned entrepreneurs.”
EHE stated that the AI fund had a £15m investment target over the next 3 years and would be seeking to support UK-based companies at the pre-seed, seed, and Series A stages.
It expected that the fund’s initial close will be in the coming weeks and it plans to invest in 6-8 AI-enabled companies every year.
The Manchester group has also confirmed that its core Fund Advisory Team will be led by co-founders and General Partners Guy Remond and Gary Fletcher supported by:
Andy Grove, Non-Executive Chairman;
Neil Vose, Venture Partner;
Jack Worne, Venture Associate & Head of Investor Relations;
Pete Evison, Operations Director;
Elliot Smith & Ross Faith, Co-Investment Directors;
Simon Landi, Chief Marketing Officer (CMO);
Aleksa Vukotic, Chief Technology Officer (CTO).
