ISSUE 08
In this issue:

• Fund update
• Recent investments
- - SWVF funding drives TBiConnect expansion
- - BeCheeky.com secures funding for a rosier future
- - Digital TV monitoring solution wins VC support for Mirifice
• Stop Press: latest investments
 
 
Fund update

SWVF continued to enjoy high levels of investment activity in H2 of 2007 with 8 investments completed. Overall in 2007, SWVF invested just under £4m in 14 companies. Since launch the Fund has invested more than £8m in 25 companies.
 
 
SWVF funding drives TBiConnect expansion

TBiConnect Limited has secured £330,000 venture capital funding from South West Ventures Fund to support the market development of its business-to-business eCommerce service.

The company is to be chaired by David Rogers, a former chief executive of Amstrad Plc and Lucent EMEA.
Read more »
 
 
Read more »   BeCheeky.com secures funding for a rosier future

BeCheeky.com, an online retailer specialising in high-quality lingerie, has secured £200,000 in venture capital funding from the South West Ventures Fund. Supplemented by angel investors, the sum is part of a financing round totalling more than £600,000.

BeCheeky.com was founded in 2005 by James and Sarah Akin-Smith, and is chaired by Quentin Griffiths, co-founder of on-line fashion retailer, ASOS plc. The company’s website attracts 130,000 individual visitors per month, viewing more than 1,200 individual lines from brands such as Bracli, Lola Luna, Morgan, Princess Tam Tam and Sensualle.
 
 
Digital TV monitoring solution wins VC support for Mirifice

The South West Ventures Fund has invested a further £410,000 in Mirifice Ltd, a Digital TV and broadcast software and consulting company.

Mirifice has raised the additional funds to support further development of Mirimon™, its unique monitoring solution for Digital TV networks, as it looks to expand into Europe and the United States. The current customer base includes leading digital TV broadcasters Virgin Media and Sky TV.
Read more »
 
 
Stop Press: latest investments

Further details to follow in the next issue:
• • Atlas Genetics – point-of-care DNA diagnostic instrumentation
• • Action Sports – indoor sport and leisure facilities
• • CMS Global Technologies – mobile workforce tracking and management software
 
 
For further information please contact the YFM Group team Peter Davies, Julian Dennard, Nick Simmonds, or Alison Briggs.
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The South West Ventures Fund is managed by YFM Venture Finance Limited, part of the YFM Group. The fund management subsidiaries of YFM Group, YFM Venture Finance Limited and YFM Private Equity are authorised and regulated by the Financial Services Authority.

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