Future Planet Capital Buys VC Firm Midven
Posted on 04/08/2021
Future Planet Capital Holdings Limited (FPC) purchased Midven Ltd., a U.K. venture capital firm. The deal will enable Future Planet to grow its extensive global innovation network, which includes Berkeley, Cambridge, Harvard, MIT, and Oxford, by combining them with Midven’s access to U.K. Government funded scientific research.
Midven, which is supported by investors including the British Business Bank and European Investment Bank, manages the UK Innovation and Science Seed Fund (UKI2S) and the £35 million MEIF West Midlands Growth Fund, part of the British Business Bank’s £250 million Midlands Engine Investment Fund. Midven was originally established as a venture capital firm by six Midlands-based entrepreneurs over 30 years ago. The company then went through a management buy-out in 2007 when the current investment team acquired the business from the original founders.
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