A high-end skincare products range and a new type of wireless smart meter have received backing from a new investment fund co-founded by Perth-based Braveheart Investment Group.
AIM-listed Braveheart yesterday confirmed its start-up Crowdcube Venture Fund (CVF) had made its first tranche of investments.
Oxford-based Eneistic Energy Management Systems was the first company to receive support in a £341,000 summer fundraising exercise.
The group has developed a range of cloud-hosted smart meters for businesses that allow energy usage to be monitored off-site through any device with an internet connection.
The fund also invested in Scaramouche & Fandango, a male grooming products retailer which counts John Lewis, Selfridges, Fortnum & Mason, Waitrose and Harvey Nichols among its client base, and new listings in Barney’s New York and Bloomingdales.
One Rebel Ltd a company managed by the founders of Fitness First and Jatomi has also received supported from CVF in a £1.5 million capital raise as it looks to build its contract-free boutique gyms concept in London.
The largest fund-raising of the period was for Crowdcube Ltd Braveheart partners in CVF which raised a total of £5m from venture capital firm Balderton and crowd investors.