Digital Urban Secures Funding from Maven
Deal News | Feb 13, 2025 | Maven Capital Partners
Digital Urban, an immersive technology company specializing in urban regeneration planning, has secured a £250,000 debt finance package from the Midlands Engine Investment Fund II, managed by Maven Capital Partners. This funding will be used to enhance its sales and technical teams, develop scalable products, and expand its client base within the UK. Digital Urban uses data-driven insights and immersive technology to create detailed 3D models for urban planning, significantly improving community engagement efforts. The investment is part of Maven's strategy to support regional growth through innovative solutions.
Sectors
- Immersive Technology
- Urban Planning and Development
- Business Finance
Geography
- United Kingdom – Digital Urban operates within the UK, targeting local planning authorities and contributing to urban regeneration in the region.
- Midlands, UK – The funding comes from the Midlands Engine Investment Fund II, which supports regional growth in the Midlands.
Industry
- Immersive Technology – The sector encompasses businesses involved in developing and leveraging virtual, augmented, and mixed-reality technologies to create immersive experiences, particularly in urban planning in this case.
- Urban Planning and Development – Involves the design and regulation of the use of space, focusing on the development and organization of urban areas.
- Business Finance – Relates to the financial services providing funding solutions, like debt and equity, to businesses to support their operations and growth strategies.
Financials
- £250,000 – Debt financing secured by Digital Urban from the Midlands Engine Investment Fund II.
- £100,000 to £2 million – Range of business loans available from the MEIF II to support growth across sectors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Digital Urban | Target company | Company | An immersive technology company focused on urban regeneration. |
| Maven Capital Partners | Fund Manager | Company | A private equity firm managing the Midlands Engine Investment Fund II, providing finance to Digital Urban. |
| Midlands Engine Investment Fund II | Funding Provider | Company | A fund focused on providing finance to small businesses in the Midlands, UK. |
| Simon Mabey | Founder | Person | Founder of Digital Urban, leading the company's expansion efforts. |
| Richard Altoft | Investment Director | Person | Investment Director at Maven, involved in securing the funding for Digital Urban. |
| David Tindall | Senior Investment Manager | Person | Senior Investment Manager at British Business Bank, associated with MEIF II. |