A venture capital programme investing in a range of digital and new technology companies operating in the UK, providing early stage investment for entrepreneurs with high growth firms.
The £100 million fund will invest £20 million a year over the next five years in young companies that are looking to transform the financial industry.
Investments will be made for between £1 million and £5 million for up to 20% equity.
Aviva Ventures is a venture capital business investing in a range of digital and new technology businesses. The programme will provide early stage investment to back entrepreneurs with high growth businesses and, over time, expects to have a portfolio of small investments in a number of companies which have significant potential.
Housed at Aviva’s Digital Garage in London’s Hoxton Square, Aviva Ventures will look to commit approximately £20 million per year over the next five years. It will target investments in digital and technology companies operating in four areas:
- ‘The internet of things’, for example in connected homes, health and cars;
- Data and analytics;
- Innovative customer experiences; and
- Distribution, for example new ‘sharing economy’ platforms.
Aviva Ventures is part of Aviva’s digital strategy and, through the investments made, will assist Aviva in identifying new commercial opportunities; the development of innovative business models and new digital insurance services and products.
Although there are no specific exclusions cited within the programme guidelines, those wishing to apply are advised to liaise with the funding provider in the first instance to discuss eligibility.
Hi-tech digital start-up companies in the UK that are looking to transform the financial industry are eligible.
Match funding is not a stipulated requirement of this programme.
Costs associated with eligible projects.