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Tech

Baltic Ventures backs 10 ‘mission-driven’ tech firms in areas from climate to property

Latest Accelerator round announced as syndicate praises Liverpool's tech strengths

The latest Accelerator cohort at Baltic Ventures(Image: Baltic Ventures)

Accelerator and angel investor syndicate Baltic Ventures is investing £300,000 in a new group of 10 “mission-driven” companies in areas from healthcare to climate tech.

The Liverpool-based group, which is backed by a £4.1m grant from the Liverpool City Region Combined Authority, now has an investment portfolio of 30 tech startups through its annual Accelerator programmes.

Baltic Ventures says that in the past two years it has, through its syndicates, helped to support £1.1m of investment from 33 angel investors into early-stage tech firms. Since spring 2003 the organisation has run more than 100 workshops attended by over 6,000 founders, investors and ecosystem stakeholders.

This year's companies are based in Liverpool City Region, Preston, Sheffield, Leeds, London and the Isle of Man.

Mo Aldalou, programme director at Baltic Ventures, said: “This year’s application, recruitment and selection process was our most competitive yet and we were particularly impressed with the calibre of businesses and founders from Liverpool City Region, reflecting the ecosystem’s strong and promising trajectory.

“I couldn’t be more excited to welcome our new cohort of 10 ambitious founding teams to our annual Accelerator programme, where they will receive the support, tools and connections they need to propel them into their next stage of growth.”

Cllr Liam Robinson, Liverpool City Region CA's cabinet member for innovation, said: “Innovation is at the heart of our plans for growth in the city region and Baltic Ventures and initiatives like this are vital elements in making those plans a reality.

“Through this accelerator Baltic Ventures is helping our city region become a launchpad for some of the most exciting tech talent in the º£½ÇÊÓÆµ. I’m sure the support that these exciting companies will receive will enable them to thrive, boosting our local economy and creating high-quality jobs.”