EHE Ventures opens second raise for AI Growth Fund

EHE Ventures has opened the second capital raise for its (S)EIS AI Growth Fund, targeting GBP £15 million to invest in early-stage, AI-first businesses in the UK.

The latest raise totals GBP £1.5 million and follows the deployment of the fund's first tranche across eight companies. Those investments span pre-seed, seed and Series A businesses in sectors including medtech, fintech, marketing, agri-tech and marine tech.

The first cohort includes Deltabase, Fotenix, Good With, NeuWave, Peppercorn AI, Scooch, Spotlight Pathology and Subjct. EHE invested alongside Deepbridge, PXN, Q Ventures and River Capital.

The Manchester-based investor is part of EHE Group, which also includes EHE Venture Studio. The wider group provides software engineering, AI consultancy and advisory support in areas such as intellectual property, research and development, go-to-market planning and investment readiness.

The fund is managed by Infinity Asset Management and is structured under the Seed Enterprise Investment Scheme and the Enterprise Investment Scheme.

Second cohort

Guy Remond, Co-Founder and Chief Executive of EHE Group, is leading the Cohort 2 raise with Venture Principal Troy Wood. EHE plans to deploy the capital raised by the end of the tax year.

"AI has produced a generation of UK companies with credible ideas and capable founders," said Remond.

"Cohort 2 will continue the approach we took with our first eight investments, backing early-stage, AI-native British businesses at pre-seed, seed and Series A stages.

"We are aiming to deploy the capital raised by the end of the tax year."

The first portfolio companies offer an early picture of the fund's investment approach, targeting businesses in workplace analytics, pathology and other specialist software markets. The strategy reflects continued investor interest in UK start-ups applying AI in defined industry settings rather than broad consumer markets.

Backers of the initial tranche were described as sophisticated and high-net-worth investors. The vehicle is not open to public investment.

Portfolio support

EHE says its involvement with investee companies extends beyond capital. Through its studio and advisory operations, the group works with founders on technical development and commercial preparation.

One of the first cohort companies is Liverpool-based Deltabase, which focuses on people and culture intelligence using AI. Its Chief Executive said the investor had provided practical support after the deal was completed.

Spratt said, "EHE Ventures has added value well beyond the capital. The team's advice comes from genuine, hands-on experience.

"They have given us development capability when we have needed it and are consistently connecting us with the right people across the ecosystem."

The latest fundraising effort comes as specialist AI investors seek to identify younger companies before larger venture rounds. By focusing on pre-seed to Series A deals, EHE is positioning the fund in a part of the market where founders often need a mix of capital, product support and commercial guidance.

The first eight investments also show a regional spread beyond London, with Deltabase based in Liverpool and EHE headquartered in Manchester. That points to continued AI start-up activity across UK city regions as investors look for companies with sector-specific products and early customer demand.