Pennine Ventures

What Pennine Ventures does

Pennine Ventures Ltd. is a UK-based private venture capital firm that invests in software and technology businesses at the start-up and growth stages. Its registered office is located at 2 Cromwell Court, Oldham, Greater Manchester (OL1 1ET), and it operates under the trading identity "PennineVentures" with a consolidated umbrella brand referred to internally as the "PV Group." The firm explicitly focuses on long-term investment of time, resources, and energy in portfolio companies, targeting businesses it believes can build stable and recurring revenue streams.

Pennine Ventures does not operate a unified software product or platform; instead, it manages a portfolio of invested companies spanning tax software (GoSimpleTax, MyPAYE), accounting software (Liquid Accounts, Pastel), regulatory data (MyRegdata), and expense management (Coconut). These portfolio companies operate as independent businesses, and the firm's website functions primarily as a marketing and relationship channel. The stated go-to-market is sales-led and relationship-driven, with deal origination conducted via direct outreach and inbound phone contact (0161 413 5050) and email ([email protected]).

The firm derives returns from capital appreciation and exits from its portfolio companies rather than from disclosed management fees or fund-level economics; pricing, fund size, AUM, and revenue figures are not publicly disclosed. Geographic activity is concentrated in the United Kingdom, and the input contains no evidence of international expansion, external institutional backing, acquisitions of operating businesses, leadership hires, regulatory actions, or other structural changes.

Name

Pennine Ventures

Legal name

Pennine Ventures Ltd.

Website

https://pennineventures.co.uk

Company type

Private

Operating status

Operating

Short description

Pennine Ventures Ltd. is a UK-based private venture capital firm that invests in software and technology businesses at the start-up and growth stages, headquartered in Oldham, Greater Manchester and operating a curated portfolio of SaaS companies under the "PV Group" brand.

Ownership category

akta.pro rank

Product category

Venture Capital Investment

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)

Keywords

• Venture capital
• Growth-stage investing
• Software investing
• Technology venture capital
• Startup investment

Headquarters

HQ city

Oldham

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Returns and Portfolio Value Creation: Pennine Ventures generates returns for shareholders by investing in software and technology businesses, creating value through long-term investment of time, resources and energy. Returns are derived from capital appreciation and potentially exits via trade sales or other liquidity events.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Pennine Ventures is a venture capital firm that invests in software and technology businesses at the start-up and growth stages. The firm commits long-term time, resources, and energy to portfolio companies, aiming to build businesses with stable, recurring revenue streams and deliver healthy returns to shareholders. Its portfolio includes tax, accounting, payroll, and regulatory data software businesses such as GoSimpleTax, Pastel, Liquid Accounts, MyRegdata, Coconut, and MyPAYE.

Product overview

Pennine Ventures is a venture capital investment firm that provides funding and support to software and technology businesses in their start-up and growth phases. Rather than operating a unified software product or platform, the firm manages a portfolio of invested companies including GoSimpleTax (tax services), Pastel, LiquidAccounts, MyRegdata, Coconut, and MyPAYE. These portfolio companies operate as independent businesses serving various market needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Pennine Ventures Investment Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights3 records

Direct peers

• Notion Capital: UK-based venture capital firm investing in B2B software and SaaS companies at growth stage. Highly comparable to Pennine Ventures on geography, stage, and software/tech investment focus.
• Frog Capital: European growth-stage venture capital firm focused on software and tech-enabled services. Comparable on stage and software vertical, though slightly larger scale than Pennine Ventures.
• Dawn Capital: European specialist B2B software venture capital firm based in London. Direct peer on software vertical focus and UK presence, with portfolio spanning SaaS and fintech.
• LocalGlobe: UK-based seed-stage venture capital firm investing in technology startups from Seed to Series A. Comparable as UK seed/early-stage software investor with overlapping target geographies.
• Octopus Ventures: One of the largest UK venture capital firms, investing across multiple stages in software and technology businesses. Comparable as a UK-based VC with a software/tech portfolio, though at significantly larger scale.
• Connect Ventures: London-based early-stage venture capital firm focused on product-led and software-driven startups. Comparable in stage and software/tech focus, serving founders across the UK and Europe.
• Episode 1: UK-based early-stage venture capital firm investing in technology and consumer businesses. Comparable as UK early-stage software/tech investor with similar target segments.
• MMC Ventures: London-based venture capital firm investing in early and growth-stage technology companies, with a strong portfolio in enterprise software and fintech. Comparable on geography, stage, and software vertical.

Regional players

• Praetura Ventures: Manchester-based venture capital firm investing in early-stage UK businesses. Strong regional peer given Pennine Ventures' Oldham/Manchester base and shared Northern UK investment focus.
• GC Angels: Greater Manchester-based angel investment network backing early-stage businesses. Comparable regional peer given shared Manchester/Northwest UK geography and early-stage software/tech focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/pennine-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pennine Ventures