EHE Ventures has unveiled a substantial growth fund aimed at AI-driven companies, marking a significant step towards innovation.
- The £15m AI Growth Fund will back early-stage firms transforming traditional sectors through AI.
- A collaboration with The Startup Factory offers technical support and mentorship for entrepreneurs.
- The fund targets UK-based companies at various stages, planning initial investments soon.
- Led by key figures, the fund aims to support numerous AI-enabled companies annually.
EHE Ventures has taken a bold step with the introduction of a £15m growth fund dedicated to AI-focused companies. This initiative underscores the venture’s commitment to advancing technology and innovation. The primary goal of this fund is to invest in businesses that are at the forefront of redefining traditional industries through artificial intelligence.
In partnership with The Startup Factory, EHE will provide founders with a valuable venture studio experience. This collaboration aims to equip entrepreneurs with essential technical expertise and guidance from experienced industry professionals, ensuring they have the resources necessary for growth and success.
The fund’s focus is on supporting UK-based companies in the early stages of development, specifically those in the pre-seed, seed, and Series A rounds. EHE Ventures anticipates the fund’s initial close to occur shortly, with plans to invest in six to eight AI-enabled companies each year.
The leadership team spearheading this initiative includes notable individuals such as Guy Remond and Gary Fletcher, co-founders and General Partners, along with Non-Executive Chairman Andy Grove, Venture Partner Neil Vose, Venture Associate & Head of Investor Relations Jack Worne, and several other key directors. Their combined expertise is expected to drive the fund towards achieving its ambitious goals.
EHE Ventures’ strategic move in launching this AI growth fund is poised to significantly impact innovation across traditional industries.
