Strathdon injects £500,000 into eportals

The UK venture capitalist, which is raising is also looking to raise two new funds to reinvest in its 26 portfolio companies.

Strathdon Investments, a technology venture capitalist, has led a £500, 000 second round funding for e-portals, a UK company developing web-based treasury tools and web services for financial institutions using the Microsoft.NET framework.

e-portals’ services include global limits management, deal capture and derivatives pricing. The company’s first product will be a credit derivatives deal capture, pricing and risk monitoring system. The money raised will be used to develop further the company’s software product set and expand its sales and marketing efforts.

Strathdon invests in both start-up and established technology companies in the UK and US. To date the firm has raised around £22m of funds and has invested a total of £12m in 26 companies, all of which are developing IT systems in the energy, finance, healthcare and manufacturing markets. Other financial software developers the firm has invested in include ViewsCast, Room Solutions and Force 12.

Strathdon is looking to raise two new investment vehicles to provide additional funding to its portfolio companies. Exact details have not yet been made available, but the Strathdon Co-Investment Limited Partnership will be aimed at institutions and corporations, whilst the Strathdon Managed Co-Investment Programme will target for private individuals.

Strathdon’s current list of institutional backers includes Dresdner Kleinwort Wasserstein, Singer & Friedlander as well as two UK pension funds.