GroVentive Raises $10 Million for UK Tech Startups

London-based private investor platform GroVentive, announced it has raised has increased its network to 11,000 members and invested £8 million pounds, equal to more than $10 million U.S. dollars, into United Kingdom-based technology startups.

“This record level of investment shows the vibrancy and strength of the UK startup ecosystem which is home to world-class disruptive technologies, and this fantastic investment picture means that GroVentive will continue to grow and bring innovative startups to UK investors.” Bruno Pannetier, Chief Investment Officer at GroVentive, said in a statement.

Launched in 2019 by ex-Macquarie investment banker Bruno Pannetier and startup management consultant Jonathan Wicks who backed businesses such as LoveHolidays and Spark Energy that both went on to achieve 16x and 4.5x exits respectively, GroVentive focusses on investing under the Enterprise Investment Scheme in to new technologies within Gaming, Health, Medicine, Automobile, and Instant Delivery amongst other sectors which has seen them raise circa £11m in under two years.

In spite of the ongoing COVID-19 health crisis the 20/21 tax year saw GroVentive nearly treble their fundraising capability to £8m across 4 high-growth startups that include LiveSmart, PatientSource, Coastr, and Peyk.

For more New York City Technology news and culture, follow us on Instagram and Twitter @NYCWired.