£1m partnership to support high-growth businesses

Midven has announced a £1m partnership with FundingHero to support high-growth businesses in the West Midlands.

The next FundingHero cohort, starting in January 2025, will see Midven’s investment team actively supporting the program and attending the demo day, where companies may be offered term sheets of up to £1m from the West Midlands Co-Investment Fund (pending approval, due diligence, and contracts).

Led by CFO and founder Jim Shirley, FundingHero’s program provides workshops and one-on-one support to help businesses navigate equity investment.

It is designed for companies with strong initial traction and high growth potential, aiming to raise between £250,000 and £3m or more in angel or venture capital.

Rupert Lyle, fund principal for the West Midlands Co-Investment Fund, managed by Midven, said: “Midven is dedicated to identifying and supporting the next generation of innovative businesses in the West Midlands. FundingHero’s accelerator program has proven instrumental in preparing companies for investment, and we are excited to leverage this partnership to further our investment strategy.”