North East firm with mission to unlock £1bn for region’s tech by 2030

A new group with a proven track record of backing start-ups in the North East has officially launched following receipt of Financial Conduct Authority approval – setting a target to unlock £1 billion in funding for high-growth companies.

PXN Group, formed from the merger of Par Equity and Praetura Ventures, plans to achieve this goal by 2030 with the aim of increasing investment into promising Northern businesses by 50 per cent.

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