Channel-friendly VC firm ISIS changes name

ISIS Equity partner rebrands as Living Bridge in reaction to rise of extemist group Islamic State of Iraq and Syria

Venture capitalist firm ISIS Equity Patners, which has previously backed resellers such as Onyx Group and Quantix, has changed its name to Living Bridge, in reaction to the rise of the extremist group the Islamic State of Iraq and Syria.

Wol Kolade, managing partner at the company, said: "Living Bridges are bridges that are often centuries old and handmade from the roots of living trees, they continue to grow and self-renew and in doing so become even stronger over time; a perfect analogy for what we aspire to achieve with the businesses we back."

The company was founded in 1995, and focuses on investing in SMBs by providing them with capital in the range of £2m to £40m.

It invests in a wide portfolio of sectors, including the tech industry. It has provided capital for tech companies including ISPs Panacea and Metronet, and software managment firm Blue 8. In 2011, ISIS provided £42m for cloud computing and datacentre service specialist Onyx Group.