LTF targets start-ups

The London Technology Fund (LTF) has launched, aiming to support young high-tech start-ups in Greater London, including both university or research institute spin-outs and start-ups founded by entrepreneurs.

The E15m fund, which will be managed by Company Guides Venture Partners, is being funded by the London Development Agency and the European Regional Development Fund.

The fund will make initial investments over a period of up to five years and has a ten-year life, extendable to twelve years. It can invest in a series of tranches alongside other investors, contributing up to a maximum of £1.5m in a single company from its own resources – resulting in a total investment from LTF and co-investors of £3m or more.