CodeBase co-founder, Jamie Coleman, will act as one of three investment leads for the Accelerated Digital Ventures (ADV) platform. It plans to invest an initial £150 million to help thousands of fledgling firms across the UK scale up and follow in the footsteps of tech successes such as Skyscanner, the Edinburgh-based travel search engine that was last week acquired by Chinese group Ctrip.com in a deal worth about £1.4 billion.
Jamie Coleman said that he had been working for more than two years in an effort to get funding in place for Britain’s tech sector to be able to go “toe to toe with Silicon Valley”, and said he wanted CodeBase to eventually have a presence in “every major city in the UK” as it searches for the digital giants of the future.
Under the initiative, CodeBase – one of Europe’s fastest-growing tech hubs – will provide scale-up support and space, while venture capital firm Northstar Ventures will deliver investment operations and corporate adviser Numis Securities will offer ongoing financial advisory support.
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For the full article visit the Scotsman website