The startup fund has already backed Cambridge spinout BMLL and hopes to fundraise more money and add other spinouts to its portfolio.
Technology startup fund Force Over Mass Capital is looking to fundraise more cash for its technology startup fund focused on fintech, e-commerce, artificial intelligence and life science sectors in the UK.
The fund was originally launched in March 2015, when it aimed to raise £15m ($23.4m). Force Over Mass has not revealed by how much it is looking to expand the fund.
Force Over Mass’s portfolio so far consists of 10 startups, including big data analytics company BMLL Technologies, spun out of Cambridge University. The fund is looking to close a range of other deals by September, though we are not yet at liberty to disclose details.
This piece was edited on August 20th to remove the reference to the companies that Force Over Mass is looking to invest in. GUV was mistakenly under the impression that the information was already public. We will follow up with an interview with Force Over Mass Capital chief executive Martijn de Wever.
