Beringea

Beringea is a transatlantic venture capital firm that seeks to create lasting success for rapidly scaling entrepreneurial companies. Founded in 1988 and operating with offices in Detroit and London, the firm manages more than $900 million across its UK and US funds, including the ProVen VCT family — two of the UK's largest and longest-standing Venture Capital Trusts — and the Michigan Growth Capital Partners Funds in the US. The firm describes itself as 'more than investors': an international team with decades of experience across finance, operations, strategy, and entrepreneurship, working with visionary entrepreneurs to build billion-dollar businesses. Beringea's investment approach is deliberately generalist and sector-agnostic, spanning healthcare, technology, media, consumer goods, business services, clean technology, fintech, and advanced manufacturing. In the UK, the ProVen VCTs invest in growth companies with proven commercial traction, a substantial market opportunity, and an experienced management team with the potential to scale successfully. The firm typically makes an initial investment of £1–10 million into companies turning over approximately £1 million or more, and tends to lead Series A or Series B rounds, with further funding available for follow-on investments. In the US, Beringea targets $2–10 million preferred equity investment opportunities in quickly scaling companies across a range of sectors. A defining characteristic of Beringea's thesis is its transatlantic footprint. The firm believes that its dual presence in the US and UK provides a unique competitive advantage — both when sourcing deals and when supporting portfolio companies to scale internationally. In an environment where many venture capital firms compete for deals, Beringea's ability to offer strategic guidance and hands-on support for scaling into the world's largest economy has proven to be a valuable asset. The diversity of background, opinion, and expertise throughout its transatlantic team reflects the community of founders and companies it supports, enabling effective collaboration to capitalize on opportunities enabled by technology. Beringea takes a long-term, patient capital approach, with a track record spanning more than three decades and guiding growing businesses through economic cycles and industry shifts. The firm is also co-founder of ESG_VC, a network of over 250 VC firms supporting early-stage companies to measure and improve their ESG performance, reflecting a growing commitment to sustainability and impact alongside commercial returns. Beringea annually sources around 1,000 potential deals, making between 5–10 new investments per year, and runs a Scale-Up Academy and biennial portfolio CEO retreat to actively support its portfolio companies beyond capital.