We invest in startups that are no longer a fit for venture capital
23mile is
23mile is a special situations fund that invests in venture-backed startups transitioning from hypergrowth to profitability.
THE SITUATION
There is a way forward.
You've raised venture capital, built great products and won valuable customers. Yet your VCs tell you it's not good enough. Or you're tired of the endless unachievable targets and want to get on with running a business.
We're here to help.
OUR APPROACH
A new chapter, built together.
A thoughtful transition—not another round of impossible targets.
01
Invest & restructure
We partner with founders to refocus the business and build a profitable, independent future.
02
Acquire the business
When it is the right fit, we acquire the business and support the team through the change.
INVESTMENT THESIS
Good businesses.
A different path.
We focus on venture-backed B2B software companies with proven recurring revenue and room to thrive beyond the venture model.
£1–5m
Recurring revenue
B2B
Software businesses
UK
Primarily focused
Questions
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