Enterprise Ventures

Enterprise Ventures was a prominent venture capital firm based in Preston, UK, specializing in early-stage finance for small and medium-sized enterprises (SMEs) across England and Wales. Its independent operations concluded in 2014 when it was acquired by Mercia Technologies PLC, now known as Mercia Asset Management PLC. This acquisition marked a significant consolidation in the regional investment landscape, integrating Enterprise Ventures' expertise and fund management capabilities into Mercia's broader investment platform.

Prior to the acquisition, Enterprise Ventures was a key player in supporting regional economic growth, particularly within the North of England. At the time of its acquisition, Enterprise Ventures was managing a substantial portfolio of third-party funds, totaling approximately $125 million (£100 million). These funds were primarily dedicated to providing crucial early-stage and growth capital to promising SMEs, helping them scale and innovate across various sectors.

Following the merger, Enterprise Ventures' operations and fund management responsibilities were absorbed into Mercia Asset Management's structure. While the "Enterprise Ventures" name might still be associated with legacy funds, new investments are now made under the Mercia brand. Mercia Asset Management continues the spirit of Enterprise Ventures' early-stage focus through its dedicated early-stage funds. These funds typically provide initial investments ranging from $125,000 to $2.5 million (£100,000 to £2 million), targeting innovative businesses. Mercia's broader strategy encompasses a full spectrum of funding, including direct investments that can exceed $12.5 million for more mature opportunities, building on the foundation laid by firms like Enterprise Ventures.