Midven and FundingHero Launch £1m Partnership to Propel West Midlands High-Growth Businesses
By Anushka Malhotra
1 minute 18 seconds
Investment
Share:
Quick Read: A £1m partnership between Midven and FundingHero will support high-growth West Midlands businesses through accelerator programs, offering investment opportunities up to £1m.
Midven has unveiled a £1 million partnership with FundingHero, aimed at supporting the region’s most promising high-growth businesses. This collaboration is set to provide companies with the tools and funding they need to secure substantial equity investments and scale their operations.
The initiative will be spearheaded by FundingHero’s accelerator program, which equips businesses with the skills and strategies to navigate the equity investment landscape. The next cohort, starting in January 2025, promises to connect businesses with significant funding opportunities.
Investment Opportunities for Promising Startups
During the program’s demo day, participating businesses will pitch to investors, including Midven’s team. Companies may receive term sheets of up to £1 million from the West Midlands Co-Investment Fund, subject to approval, due diligence, and contractual agreements.
The program focuses on businesses with proven initial traction and high growth potential, seeking to raise between £250,000 and £3 million in angel or venture capital funding.
"This partnership reflects our commitment to discovering and nurturing innovative businesses in the West Midlands,"
said Rupert Lyle, Fund Principal for the West Midlands Co-Investment Fund, managed by Midven.
"FundingHero’s accelerator has an impressive track record in preparing companies for successful investment rounds."
Comprehensive Support for Entrepreneurs
Led by CFO and founder Jim Shirley, FundingHero offers a blend of workshops and tailored one-on-one support, ensuring businesses are well-prepared to attract and manage equity investments.
"Our program is designed to empower entrepreneurs with the knowledge and confidence to secure funding," said Shirley. "By partnering with Midven, we’re enhancing the opportunities for high-growth businesses to thrive in the West Midlands."
Driving Innovation and Growth in the Region
The partnership comes as part of a broader effort to bolster the region’s startup ecosystem, positioning the West Midlands as a hub for innovation and investment. With Midven and FundingHero’s combined expertise, the initiative seeks to unlock growth potential for companies across diverse industries.
Proudly Backed By Our Patrons
