Praetura Ventures, a venture capital firm based in Manchester, UK, has announced the launch of PraeSeed, a pioneering seed program aimed at nurturing early-stage businesses in the North of England.
The initiative seeks to address a funding gap for pre-revenue startups by providing equity investment and expert guidance to help propel their growth.
Empowering Early-Stage Ventures with PraeSeed
PraeSeed is set to kick off in June from Praetura’s Manchester office, offering a comprehensive six-week assessment period for selected startups.
Through workshops facilitated by industry experts and seasoned founders, participants will gain invaluable insights into scaling their businesses, leveraging the knowledge and experiences of successful entrepreneurs.
Fueling Growth with Strategic Investments
With applications opening in May, PraeSeed plans to admit 10 promising startups into its program, with up to seven receiving investments at the conclusion of the assessment phase.
Over the course of five years, Praetura Ventures aims to inject over £6 million into 35 startup ventures, fostering innovation and economic development across the region.
Collaborative Approach to Startup Support
PraeSeed aligns with the growing trend of accelerator models in the North, complementing existing programs by providing a capital-first approach to early-stage investment.
By working in tandem with accelerators like Exchange in Manchester and Baltic Ventures in Liverpool, PraeSeed aims to offer startups a comprehensive support network, combining financial backing with specialized education and access to a community of like-minded entrepreneurs.
Leadership and Vision for PraeSeed
Heading the PraeSeed initiative is Investment Manager Jess Jackson, who brings a wealth of experience and a keen understanding of the startup landscape to the program.
With a focus on supporting entrepreneurs and fostering innovation, Jackson and the Praetura Ventures team are poised to drive positive change and unlock the potential of early-stage ventures in the North.
Praetura Ventures’ Commitment to Entrepreneurship
Praetura Ventures has established itself as a prominent investor in high-growth startups across the UK, particularly in the North of England.
With a portfolio spanning various sectors, including technology, gaming, and healthcare, the firm has demonstrated its dedication to supporting the region’s entrepreneurial ecosystem and driving sustainable economic growth.
Through initiatives like PraeSeed and its Venture Partner program, Praetura Ventures continues to play a pivotal role in shaping the future of startup innovation in the UK.
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