GMC Life Sciences Fund By Praetura Investment Criteria
- Based in or relocating to the Greater Manchester, Cheshire or Warrington region.
- The business must have under 250 employees, less than £50m revenue per annum, less than £43m of balance sheet assets.
- The business must have either…
- Not made a sale
- Be within 7 years of their first sale
- Entering a new product or geography that will increase turnover by more than 50% of average turnover of the last 5 years
- The business must be in one of the following sectors
- Pharmaceuticals
- Biotechnology
- Diagnostics
- Life Science Contract Research Organisations
- Healthcare technologies
- Medical devices
- Digital Technologies for Healthcare
- Other relevant sectors agreed by the Fund Manager that align to the Funds’ objectives.
- Minimum investment per company is £50k, Maximum investment per company is £2m
Praetura EIS Growth Fund Investment Criteria.
- Based in the UK – Northern focus but invests across the UK
- The funds must be used for growth objectives
- EIS Qualifying (more information on EIS can be found via the Gov.uk website.)
- Sector agnostic but with a preference to B2B businesses
- Proven market fit
- The business must have fewer than 250 employees and can’t have been trading for more than seven years. For knowledge intensive companies, they must have fewer than 500 employees and can’t have been trading for more than ten.
- Gross assets must not exceed £15m before investment and £16m after investment
- Investments between £1m-£3m
