We are pleased to have advised Manchester-based financial services company, Praetura Ventures on its £900,000 investment in fertility start-up company Dr. Fertility.
The investment follows on from the set-up of Praetura Ventures 2019 Enterprise Investment Scheme (EIS) fund from earlier this year.
Gateley partner, Paul Jefferson and senior associate, Leigh Whittaker advised Praetura on the EIS fund, which closed at around £15 million. The fund is the largest-ever maiden EIS fund and is helping to address the £300 million venture funding gap in the North West of England.
The first investment of Praetura's maiden EIS fund will be used to develop Dr Fertility into a full-service digital health platform, providing support to the one in seven couples in the UK that are affected by infertility.
Paul Jefferson, who advised on the corporate aspects of the deal, said: “It was great to work with the Praetura Ventures team on the first investment from their new EIS fund and we look forward to working with them again in the future.”