The UK looks to make its european leadership stronger, after the launch of PROfounders Capital earlier this month, yesterday news broke about a new £50m fund.
Tim Levene, the son of Lloyd’s of London chairman Lord Levene, has been backed by Lord Rothschild and RIT Capital Partners.
The investments will be targeted on growth and development businesses and will be in the £3m-£15m range. Levene only plans on investing in businesses that could benefit from his experience and insights.
Tim Levene has an interesting background: in 1997, after leaving Bain & Company, he launched the Fresh ‘n’ Smooth juice bars selling the company a few years later. In 1999 he founded Flutter, a betting website, later acquired by Betfair in 2001.
Richard Matthews will be the other partner of the fund.
Do they have a website? Any idea how to find them?