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12th January 2024 - 0 comments

Venture Capital Trust Association appoints Chris Lewis as Chair

The Venture Capital Trust Association (VCTA), which campaigns for the vital role played by Venture Capital Trusts (VCTs) in supporting the UK’s entrepreneurial economy, has appointed Chris Lewis as Chair.

14th April 2023 - 0 comments

Spinout About:Energy launches revolutionary battery design platform

University spinout About:Energy has announced the launch of its battery design software platform, The Voltt, to shorten R&D timelines, improve battery performance, and reduce development risk for battery cells and systems in automotive, aerospace and niche industries. 

3rd February 2023 - 0 comments

Knowledge gap is biggest barrier to accessing finance

Early-stage company entrepreneurs are hamstrung by a lack of information on how to access the external funding needed to support their growth plans, according to new research published today by the Venture Capital Trust Association (VCTA).

The VCTA surveyed 240 senior decision makers in charge of recently launched small businesses less than seven years old and employing up to 250 employees.  Despite an overwhelming majority (92%) of respondents requiring equity finance over the coming two years, almost half (44%) say they lack information on how to access it, the figure rising to 47% among entrepreneurs based outside of London and the Southeast.

20th January 2023 - 0 comments

Early-stage businesses target £2m of new equity says VCTA report

New research published today reveals that the UK’s class of small, fast-growing entrepreneurial businesses are looking to raise an average of £1.9 million in equity finance over the coming two years to fund their growth plans.

The study, commissioned by the Venture Capital Trust Association (VCTA), among 240 senior decision makers in charge of recently launched small businesses less than seven years old and employing up to 250 employees, reveals a strong appetite for growth despite the economic challenges facing the country.  An overwhelming majority (92%) of respondents said they are likely to consider raising equity through a Venture Capital Trust. 

30th September 2022 - 0 comments

Pembroke VCT leads £3.7m investment into ethical glasses brand Bloobloom

Pembroke VCT plc, the venture capital trust focused on backing early-stage businesses led by exceptional founders and management teams, has today invested £2.5 million into ethical glasses company Bloobloom as part of a £3.7 million fundraise. Investing alongside Pembroke VCT are DMG Ventures and several angel investors. 

 

Bloobloom successfully launched two London stores in November and December 2021 (based in Carnaby Street and Marylebone High Street) and plans to grow this store network firstly in London before looking nationwide.

22nd July 2022 - 0 comments

Passionfruit raises $4.3m to build the future of Gen Z freelance

Passionfruit has raised $4.3m with the support of firstminute Capital and Playfair who lead the round. They are joined by FJ Labs and Portfolio Ventures, along with scouts from Atomico, Accel, and Notion. Additionally supporting the round are founders and early execs from companies such as Stripe, AirBnB, Deliveroo, Turo, Trouva and Workday, plus operating partners from Softbank and L Catterton.

1st July 2022 - 0 comments

Pembroke VCT leads £2m investment in My Expert Midwife

Pembroke VCT plc, the venture capital trust focused on backing early-stage businesses led by exceptional founders and management teams, has invested into My Expert Midwife, the award-winning, midwife-founded brand for pregnancy, birth and beyond.  The £2 million fundraise was led by Pembroke, who invested £1.5 million alongside existing shareholders and angel investors. 

14th January 2022 - 0 comments

Foresight leads £5m investment into Newsflare

Foresight Group LLP has made a £4m investment into Newsflare Limited from its VCT funds, together with an additional £1m investment from existing investor, Edge Investments. Foresight has a well-established track record of investing in the technology, digital and media landscape across its institutional and listed funds.

11th January 2022 - 0 comments

Maven leads £5.5m funding for transport tech platform Liftango

Maven Capital Partners has led a £5.5 million funding round for Liftango, a cloud-based technology platform which enables transport operators to optimise route planning in real-time based on passenger demand.

2nd December 2021 - 0 comments

Mobeus VCT sells stake in Tushingham Sails

The growth equity investor Gresham House Ventures has sold its stake in Vian Marketing, the holding company for successful stand-up paddleboard owner Tushingham Sails, best known for its Red Paddle Co. brand.

2nd December 2021 - 0 comments

Metaview raises $6m to help businesses offer fairer interviews

Metaview - the pioneering Interview Intelligence platform - has announced its $6 million seed funding round, bringing the total amount raised to $7.6 million. Metaview’s platform enables fast-scaling businesses to harness data to strengthen and optimise the most important part of the hiring process - the interview.  The round was led by Vertex Ventures US, alongside additional investors Fly Ventures, Seedcamp, Village Global, PrimeSet, Moving Capital (Uber alumni fund), and Palumni (Palantir alumni fund)

23rd November 2021 - 0 comments

YFM closes £60m fund for tech businesses in 7 weeks

YFM Equity Partners, has once again seen the offers for its two managed Venture Capital Trusts (VCTs) fully subscribed in a matter of weeks. After launching on 22 September, it has already succeeded in raising £60m of committed funds as it continues to invest in SMEs nationwide, with a focus on businesses in the tech sector.

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