News reaches WIREDVC HQ from snow-bound Scotland, that a new £20m ($31m) venture capital fund is to be launched by Steve Leach, the founder of digital advertising agency bigmouthmedia. To be named (unsurprisingly) The Steve Leach Partnership, the new firm is going to target Internet based businesses, but is understood to also have its eyes on at at least one Scottish renewable energy concern, starting next year.
Mr Leach is raising the money for his new firm by selling eighty percent of his holding in LBI, a Dutch agency that acquired bigmouthmedia earlier this year. He quit his executive duties at the agency last summer, following the takeover.
To read the full, original article click on this link: New £20m Venture Fund for Scotland | WiredVC | Venture Capital and Funding News
Author: Julien Weston
