was set up with money from the European Regional Development Fund and aims to attract a further pounds 28m from co-investors.
Fund has also made its mark on the region.
specialises in high growth technology investments between pounds 100k and pounds 1.5m, leading deals alongside networks of co-investors, including business angels, corporates and other VCs.
Together, they bring the number of funds in the NStar family to four and build on the success of the highly regarded Proof of Concept Fund (POC) and Co-Investment Fund (COIF
Ian Richards will join four other professional managers on the North-East Co-Investment Fund (Coif
The pounds 23m Co-Investment Fund (COIF
) helps fast-growing technology companies secure investments of between pounds 100,000 and pounds 1m.
Formed in January 2006, the Co-Investment Fund (COIF
) team at NorthStar Equity Investors manages pounds 23m from the European Regional Development Fund (ERDF).
funding is also allowing Comesys to produce non-contact car accelerator pedals' Pure Insight to help the region sharpen its product development credentials, and Wireless Dynamics to design ground-breaking communications software.
Tarmin has just completed its initial round of financing, led by CREATE Partners, a Cambridge- based venture capital firm, and including an investment from Newcastle-based NorthStar Equity Investors' Co-Investment Fund (COIF
), a pounds 23m fund that invests in high growth technology companies.