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 Matches.com, unicorn startup Skyscanner and language app Babbel.
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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.
"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.