Greater London Fund
The Greater London Fund seeks out the most innovative, high-potential digital companies in London.
We believe that London is the best place in Europe to start a business and scale it up. We provide funding to accelerate growth, and support companies with valuable connections, resources and experience.
MMC Ventures launched the £52 million MMC Greater London Fund in May 2019, in partnership with the Mayor of London.
The Fund backs companies that make a difference to London’s economy and the lives of the people living here. That includes our city environment and infrastructure; digital health and care; important economic sectors like financial and business services; our world-leading cultural, creative and media sectors; and the connected home, office and workplace.
We have set aside part of the Fund to invest in technologies that reduce harmful emissions and waste sent to landfill, including Circular Economy business models.
We look for founder-led businesses designed to grow fast, and with technology at the heart of what they do. As well as companies based in London, we also back entrepreneurs looking to open an office here or relocate their business and provide on-the-ground support.
The Greater London Fund’s core strategy is to invest in businesses raising at the Seed and Series A stages. Typically, this starts with an investment of between £400,000 and £1m. The Fund has reserves to continue investing over time, and we can bring in other MMC funds as your company scales up.
The Fund is designed to co-invest with experienced angels, seed funds, VCs, incubators and startup programmes of different types. We can lead your funding round, acting as a catalyst to bring in other investors, or help to complete a round if one is already coming together.
Greater London Labs
As part of the Fund, we have created a new pre-seed programme: Greater London Labs.
Labs will support promising entrepreneurs at the earliest stage of their journey, as they test and develop their product. Our Labs investments will start from £50,000 and we can make investment decisions in as little as 2-3 weeks.
Through our Platform and Community function, we provide Labs companies with access to MMC’s network, experience and events, helping these businesses to find product-market fit.
Looking for funding or co-investment?
If you’re an entrepreneur seeking funding, we’d love to hear from you. We find that the best connections are made through people, not a form – please take a look through our investment team and contact the person whose profile best matches your business. You can also reach out to us via Twitter or LinkedIn.
We’re also keen to hear from VCs, angel investors, startup programmes and others who are looking for a co-investment partner. Please reach out and let us know how we can collaborate.
The fund is part of the Mayor of London’s new Greater London Investment Fund. It is supported by the following partners, who have provided funding and support.