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Home - News & Insights - Press Release: Two Serial Northern Entrepreneurs Launch £15m Fund to Back AI Innovation in the UK

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Simon Landi - 06 / 11 / 2024
Simon Landi - 06 / 11 / 2024

Press Release: Two Serial Northern Entrepreneurs Launch £15m Fund to Back AI Innovation in the UK

Manchester, UK –

EHE Ventures is thrilled to announce the launch of its S/EIS AI Growth Fund, aimed at propelling early-stage “AI-first” startups in the UK. Co-founders Guy Remond and Gary Fletcher, seasoned entrepreneurs with a track record of success, lead this ambitious fund, which targets pre-seed, seed, and Series A stages over the next three years. The fund has a £15 million investment target, supporting UK-based entrepreneurs as they redefine their industries with AI innovation. 

EHE Ventures also recently received approval as an Appointed Representative of Infinity Asset Management LLP, a firm authorised and regulated by the Financial Conduct Authority (FCA).

“AI is transforming industries at a pace we’ve never seen before, and UK entrepreneurs are at the heart of that change,” said Guy Remond, co-founder of EHE Ventures. “With this fund, we’re not just providing capital – we’re bringing a venture studio model backed by AI tech capability and expertise, offering hands-on support, helping founders navigate early challenges to build resilient, scalable businesses.”

EHE’s fund launch was celebrated with an exclusive event at Everyman Cinema in Manchester, where AI innovators, the investment community, and strategic partners came together to mark the occasion. Guy and Gary shared their vision for the fund, highlighting its unique venture studio approach through a strategic partnership with The Startup Factory (TSF).

This model equips founders not only with funding but also with expert guidance from experienced entrepreneurs, a structure that has already led to successful exits across multiple ventures.

EHE’s core Fund Advisory Team brings together seasoned professionals across private equity, finance, technology, and operations:

  • Andy Grove, Non-Executive Chairman, with over 30 years in private equity and corporate finance.
  • Neil Vose, Venture Partner.
  • Jack Worne, Venture Associate & Head of Investor Relations.
  • Pete Evison, Operations Director.
  • Elliot Smith & Ross Faith, Co-Investment Directors

… among others.

With an anticipated initial close in the coming weeks, the fund aims to invest in 6-8 pioneering AI startups annually, fueling UK-based companies that are poised to redefine their industries through advanced AI innovation.

About EHE

EHE Group has a background in providing high-growth funding for tech startups and early-stage companies. Alongside its sister company thestartupfactory (https://thestartupfactory.tech), it has previously invested in progressive technology companies such as Clio, Peppercorn, Sphonic and Bankifi.  

For media inquiries, please contact:

Simon Landi, CMO, EHE Group

[email protected]

Find out more about EHE Ventures:

www.ehe.ai

https://www.linkedin.com/company/ehe-ventures

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