Praetura Ventures, the Manchester-based investor that backs early-stage businesses in high-value sectors, has successfully closed its second EIS fund at £7m in a move that brings the total raised by the firm to £22m in less than 12 months.

The £7m Praetura EIS 2020 Fund will enable the firm to continue to support the growth ambitions of high-quality scale-up businesses across the region and will now be deployed alongside the strategic support and guidance of the 25-strong team at Praetura Ventures.