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Over £275m invested in the North East and Tees Valley by Northstar Ventures and its partners

Investors in this round: Northstar Ventures

Northstar Ventures celebrates investment milestone and job creation for small and medium-sized businesses and social enterprises

Venture capital investor Northstar Ventures celebrates the milestone of investing over £95m into small and medium-sized businesses and social enterprises across the North East of England since 2010.

The investment has attracted over £180m of additional investment alongside it from Northstar’s network of national and international angel, corporate and institutional co-investors, amounting to a combined £275m in total investment into the region. This investment is driving the creation of new, high-quality jobs vital to the prosperity of the region with over 2,000 jobs created by Northstar-backed companies.

Alasdair Greig, Northstar Director, said: ‘We are delighted to support the local economy with critical funding for growth. Our portfolio companies are delivering world-beating technology on our doorstep, including Advanced Electric Machines producing motors for the electric cars of the future, Low Carbon Materials recycling plastics into building materials and AMLo Biosciences providing early cancer diagnostics.’

The North East is now a focus on the global map. It is in the top 200 tech ecosystems in the world, with world-class opportunities in areas such as Clean-tech and Life Sciences, over £1 billion in investment opportunities coming out of its world renowned universities and is increasingly appealing to founders priced out of the South of England and looking to enjoy the quality of life and sector strengths that the region has to offer.’

Ian Richards, Northstar Director, added: ‘Impact at scale is a core tenet of our approach. Later this year we will release our first ESG and Impact Report, which will not only highlight the positive societal and environmental impact of our portfolio companies, but also the increasing focus we are putting on such crucial factors as carbon impact, diversity and inclusion, and governance standards in our investment decisions.’

Jane Reynolds MBE, Northstar Business Development Manager and Chair of Tees Valley Business Club, added: ‘In both my roles I encounter many entrepreneurial SMEs. It is truly a wonderful thing to be able to support them in their growth journey, providing finance and advice as they take the next steps expanding their businesses.  These small and growing businesses form the backbone of the economy employing skilled staff and creating wealth in our region.’

About Northstar Ventures

Northstar Ventures is a venture capital and social investment firm based in the North East. We provide funding for innovative, scalable businesses and high impact social enterprises. We’ve been supporting entrepreneurs since 2004, seeking out strong teams with great ideas that will drive high growth, scalable businesses, and sustainable charities. As the North East’s leading early stage investor, we have invested over £100m into start-ups, early stage businesses and high impact social enterprises. Our investment managers have a wealth of experience supporting new and growing businesses and bring commercial and operational experience, PhDs and MBAs, international careers and even a micro-business or two.

For more information contact Hekla Goodman,

e: hekla@northstarventures.co.uk

m: 07472 747 812

£95m

Over £275m invested in the North East and Tees Valley by Northstar Ventures and its partners

Over £275m invested in the North East and Tees Valley by Northstar Ventures and its partners

By Hekla Goodman Northstar Ventures Profile 18 Sep 2023