Insider Brief
- EHE Ventures announces the launch of a dedicated AI tech fund with a £15m investment target over three years to support UK-based AI entrepreneurs at early stages, planning an initial close in early Q2 2024 for investing in 4–6 AI-enabled companies annually.
- The fund’s advisory team is finalized, featuring experienced professionals like former LDC Chief Investment Officer Andy Grove as non-executive chairman, alongside Venture Partner Neil Vose, Operations Director Pete Evison, co-Investment Directors Elliot Smith & Ross Faith, CMO Simon Landi, and CTO Aleksa Vutovic.
- EHE’s initiative aims to foster innovation in the AI sector, leveraging its Evergreen fund structure for sustained growth and impact, backed by a team with a strong foundation in tech, software, and advisory roles, ready to nurture the next wave of UK AI technology advancements.
PRESS RELEASE — MANCHESTER, UK/February 13, 2024 — EHE Ventures (EHE), the fresh face in the UK’s tech/AI venture capital scene, is thrilled to announce its intention to build a dedicated AI tech fund.
This strategic initiative marks a significant step in EHE’s dedication to fostering innovation within the AI sector. With a £15m investment target over the next three years, the fund will focus on nurturing UK-based entrepreneurs at the pre-seed, seed, and Series A stages, leveraging an Evergreen fund structure for sustained growth and support. EHE anticipates the fund’s initial close in early Q2 2024, aiming to invest in 4–6 pioneering AI-enabled companies annually.
EHE Ventures also proudly announces the finalisation of its core Fund Advisory Team. Joining the visionary founders and general partners, Guy Remond and Gary Fletcher, is a lineup of seasoned professionals: Andy Grove, bringing his expertise was the former LDC Chief Investment Officer, steps in as non-executive chairman; Neil Vose takes on the role of Venture Partner; Pete Evison assumes the position of Operations Director; Elliot Smith & Ross Faith step up as co-Investment Directors; Simon Landi as CMO and Aleksa Vutovic joins as CTO.
“Our team is a blend of extraordinary operators, each crucial to allowing us to invest with intention and significant impact. There’s a genuine excitement about the opportunities we currently have, and we’re looking forward to investing in and nurturing our founders. This Fund represents the final piece of a puzzle we’ve been diligently putting together for the past 4–5 years.”
Guy Remond shared his insights on the team
“My journey with the EHE team spans many years, and it’s been a privilege to witness their incredible unity, in-depth technical expertise, and rich founding experiences. This solid foundation, I believe, is what sets them apart and will lead to a transformative investment strategy for AI ventures in the UK.”
Chair Andy Grove
As EHE Ventures embarks on this exciting new chapter, we remain steadfast in our commitment to fostering groundbreaking AI technology and supporting the brightest minds in the UK tech industry. We eagerly anticipate the impactful contributions this fund will make in the ever-evolving landscape of AI innovation.
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About EHE
EHE Group has a background in providing high-growth funding for tech startups and early-stage companies. Alongside its sister company the startupfactory (https://thestartupfactory.tech), it has previously invested in progressive technology companies such as Peppercorn, Sphonic and Bankifi.
About Guy Remond — Guy is an experienced individual with over 20 years in the tech, software & consulting/advisory industries, as a founder, director, investor and advisor.
About Gary Fletcher — Gary is a straight-talking entrepreneur with over 30 years of experience in a variety of roles as a founder, director, investor and board advisor with a particular focus on company culture, people and service
About Aleksa Vutovic — Aleksa, as our CTO, is responsible for using his extensive technology experience in multiple sectors to help our clients with system design and architecture, technology selection and successful delivery of MVP software products.
For media inquiries, please contact:
Simon Landi, CMO, EHE Group
If you’d also like to learn more about our new EIS-qualified fund for UK early-stage and growth AI investments, register your interest here.
