ADV has invested in 6 UK startups including Techstars and CharlieHR
Summary
Woodford Investment Management Accelerated Digital Ventures (ADV) has made its first investments in six UK companies: Care Sourcer, CharlieHR, Ignite, MoveGB, Techstars London accelerator, and WeFarm. There is a £3.5 billion venture gap in the UK for startups and scaleups, according to Lee Strafford, CEO of ADV. "ADV is committed to creating a nationwide venture platform, to plug this gap by funding digital technology companies with institutional capital right across the lifecycle, from seed through to scaling big," he said. The group of companies spreads a wide berth from HR for small businesses with CharlieHR, which raised £1 million last year, to agri-tech with WeFarm, and the TechStars London accelerator for startups. "We are building a big, global company that solves a meaningful problem for millions of businesses around the world," said CharlieHR CEO, Rob ODonovan.
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