MMC Ventures raises £100m

The London-based investment firm closes its late-stage growth equity fund.

MMC Ventures held a final closing of MMC Scale Up Fund at £100 million ($129.64 million). Capital raised by the vehicle will be used to invest in later-stage companies within the firm’s portfolio.

Founded in 2000, MMC Ventures works with companies throughout the United Kingdom in sectors such as technology, consumer goods, financial services and healthcare. The firm has made investments in Gousto; a data business, Lookiero; an online shopping platform, and Signal AI; a media platform.