UK’s early-stage media tech VC GMG Ventures rebrands to Mercuri, closes £50M fund
UK-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank, through its Enterprise Capital Funds program, to back startups using artificial intelligence to reinvent traditional media models.
Other investors in the latest fund include The Scott Trust, owner of the Guardian Media Group and Mercuri’s inaugural investor, who launched it to support the development of…