Lincolnton, North Carolina — (AP) Lincoln Capital Group and Lincoln Investment Banks announced Thursday that they will open investment bank accounts for small and medium-sized businesses, including technology startups, in the U.S. and in several other countries.
The investments, which will include $1 million in Lincoln Capital funds and a $50,000 investment in an unnamed technology company, will be used to finance small and mid-sized startups in the United States and to build relationships with investors in other countries, Lincoln Capital said.
Lincoln Capital is the first of the U’s large U.K.-based investment banks to enter the U.-based sector, which has attracted venture capital from U.C. Berkeley and others.
The company will offer investment services in the private equity, technology and technology infrastructure sectors, which is considered one of the fastest growing and fastest-growing sectors of the economy.
In addition to investing in technology startups in North Carolina, Lincoln will invest in companies in the healthcare, automotive and manufacturing sectors, Lincoln said.
Lincoln Capital will invest about $3 million in three of those companies, Lincoln Partners, a venture capital firm in New York City, and a new firm called Lincoln Capital Ventures.
Lincoln Partners and Lincoln Capital Venture will each invest $500,000 each.
Lancashire-based Lincoln Capital has invested in companies such as eBay Inc. and Twitter Inc. It also invested in an investment firm called Digital Venture Capital, which raised $1.7 million last year.