Tech SPARK 11 April 2019 April 2019
A group of private investors have backed local tech firms with £611,000 out of £3m in second round funding,
“We had a busy time in March with second rounds. We provided initial capital a year or two years ago and are coming back for the next round,” said Jerry Barnes, founding member of the Bristol Private Equity Club (BPEC).
The club has grown from 49 members in 2016 to 80 today, investing £1m into seven deals in the last six months to bring the total backed so far to 15, including cloud computing firm YellowDog.