There are ambitious companies at all stages of evolution that are looking for growth capital. Private Equity and Venture Capital houses are most prolific type of fund providing equity in the UK, and so they meet much of this demand. It can be generally observed that Private Equity firms invest in more established, post-profit companies, while venture capital funds have riskier portfolios filled with younger companies. However, even further specialisation can be found across these equity investors. Beauhurst looks at the most active private equity and venture capital funds in 2018, by the number of investments they made into companies at each stage of evolution; seed, venture, growth and established.