EHE Ventures has opened the second £1.5m capital raise for its seed enterprise investment scheme (SEIS) AI Growth Fund, which invests in early-stage, AI-first businesses in the UK.
The fund backs companies at pre-seed, seed and Series A stages and is aiming to deploy £15m in total.
EHE Ventures has already deployed its first tranche across eight businesses. Cohort 1 comprises of Deltabase, Fotenix, Good With, NeuWave, Peppercorn AI, Scooch, Spotlight Pathology and Subjct.
The companies operate across a range of sectors, from medtech and fintech to marketing, agri-tech and marine tech.
EHE invested in Cohort 1 alongside Deepbridge, PXN, Q Ventures and River Capital.
EHE Ventures is part of Manchester-headquartered EHE Group, which also includes the EHE Venture Studio. The initials EHE stand for Entrepreneurs Helping Entrepreneurs.
The venture studio provides AI and software engineering, AI consultancy and fractional CTO services, and the group’s advisory team provides coaching and mentoring in areas ranging from intellectual property and research and development to go-to-market strategy and investment readiness.
“AI has produced a generation of UK companies with credible ideas and capable founders,” says EHE Group’s co-founder and chief executive, Guy Remond, who is leading the Cohort 2 raise.
“Cohort 2 will continue the approach we took with our first eight investments, backing early-stage, AI-native British businesses at pre-seed, seed and Series A stages. We are aiming to deploy the capital raised by the end of the tax year.”
