There's a new £260m fund eyeing UK tech startups

Lynsey Barber
Follow Lynsey
Early Morning Views Over The River Thames
Scottish Equity Partners has raised money for a new fund (Source: Getty)

UK-based venture capital fund Scottish Equity Partners has raised £260m for a new fund to invest in high growth tech companies in the UK and Europe.

Previous investments include fashion site, unicorn startup Skyscanner and language app Babbel.

Read more: IG Group boss joins fintech startup board

The latest fund, SEP V, is eyeing growth stage companies to invest up to £20m.

“This is another great milestone for us and reflects extremely well on the calibre of our team," said SEP managing partner Calum Paterson.

Read more: Recipe box startup Gousto gobbles up millions more in funding

"The new fund gives us a very strong platform to continue to invest in companies with world class potential and we thank all of our investors for their support.”

The fund takes total funds under management past £1bn. Some 90 per cent of investors in SEP V were investors in previous funds. UK investors made up around 40 per cent of the fund, with 60 per cent from Europe and the US.

Related articles