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£1.5m notches Caspian up a level

Leading North East venture capital firm, NorthStar Equity Investors (NSEI), has led a £1.5m funding round in Caspian Learning.

NSEI has backed the business with £800,000 from its Co-Investment Fund (CoIF), attracting a further £400,000 from new investor hotspur Capital as well as £300,000 from existing investor Enterprise Ventures via the Coalfields Enterprise Fund and RisingStars Growth Fund.

The Sunderland-based firm works with clients such as Volvo, Bertlesmann Media, Learndirect and the Ministry of Defence which have adopted Caspian's simulations and games as part of their training and development programmes.

Graeme Duncan, CEO of Caspian Learning, said: "Our technology is truly ...

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