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29th November 2018

UK's largest VCT reaches halfway fundraising milestone of £60m

 

Octopus Investments, part of Octopus Group and the largest provider of venture capital trusts (‘VCTs’) in the UK, has announced that it has reached its half-way milestone (£60 million) in under two months for its Octopus Titan VCT.  This is the fastest that Titan has raised this sum, with rising numbers of online applications helping to drive this trend.

 

23rd November 2018

Calculus Capital launches zero initial fee VCT offer

Award-winning Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year, making it one of the most attractive in the current marketplace. Most providers charge “promoter fees” of between 3% and 5% – Calculus will waive this fee if a subscription is made before the end of the year.

22nd November 2018

The Robots are coming!

Experience and interact with the latest developments in robotics technology at this year's VCT & EIS Investor Forum on the 30th November in London.  At our 'Invested Investor EXPO' at the Forum we will be showcasing six companies, backed by specialists robotics investors Britbots, who are at the forefront of the UKs robotics sector.  

19th November 2018

Rethinking Venture Capital: A new perspective

By Belinda Thomas, Triple Point

Making the journey from start-up to scale up can be one of the most precarious and unpredictable times in the life of any firm.  Causes of failure are plenty, but research indicates there are three major factors that account for forty percent of early-stage business failures.

8th November 2018

Maven strengthens senior management team

Maven Capital Partners has promoted five senior staff to partnership positions. The strengthening of its partnership base reflects Maven’s continued growth and the wider range of investment opportunities it now offers. The newly promoted partners are Colin Anderson (Property), Suzanne Lupton (Co-investment), Ewan McKinnon (Private Equity), David Milroy (Private Equity) and Andrew Whiteley (Property).

6th November 2018

Foresight makes £2.5m investment into software provider Cimteq

 

Foresight Group has invested £2.5 million to support the growth of North Wales-based software provider Cimteq Limited.

This is the thirteenth investment by the £58 million Foresight Regional Investment Fund (“FRIF”), focused on North Wales and the North West of England. Since December 2015 the Fund, backed by local institutional investors including the Clwyd Pension Fund, has supported the creation of 260 new jobs across the investment area. Cimteq marks the Fund’s first investment into the thriving North Wales SME community, supporting growth in the region.

Located in Wrexham, Cimteq specialises in the development, supply and support of modular software solutions for the wire & cable manufacturing industry. The Company currently offers two main software products to wire & cable manufacturers; CableBuilder, a software solution aiding the design of cables, and CableMES, a full manufacturing execution system.

6th November 2018

Albion Capital to raise £36 million for the Albion VCTs

Albion Capital, the leading independent investment manager, is intending to raise up to £36 million through a launch in early January 2019 of its top up offers for its six venture capital trusts (Albion VCTs).

The fundraising is expected to target £6 million for each of the six Albion VCTs: Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC.

24th October 2018

Maven Capital Partners completes investment in Acton Banks

Maven Capital Partners has led the management buyout of Acton Banks Limited, a market leading UK healthcare staffing business. The transaction is Maven’s third investment from its buyout fund, having earlier this year led an investment in Manchester-based hardware designer and supplier UAP Limited and Glasgow-based John McGavigan Limited, a leader in decorative technology used in the automotive sector.

24th October 2018

Patient-data platform Raremark raises £3m

Raremark, the leading patient-data platform in rare disease, has raised £3m in funding from investors, led by AlbionVC and Ananda Ventures, with participation from Oltre Venture and from existing major investor the Cass Entrepreneurship Fund.

18th October 2018

Maven exits investment in Cursor Controls with 2.68x return

Maven Capital Partners has exited from its investment in Cursor Controls Limited, a developer and manufacturer of human machine interface (HMI) devices for some of the world's most demanding environments. The sale to DiscoverIE Group plc has realised a return for Maven clients of 2.68x the initial investment in just over three years.

Cursor designs, manufacturers, and supplies a range of leading edge products, including trackballs, touchpads and ruggedised keyboards. The business, which is based in Newark-on-Trent, Nottinghamshire, generates over 90% of its sales from international markets, exporting to over 30 countries. Its high precision products, benefitting from patented technology, are used by leading brands in the medical, defense and aerospace, marine and industrial sectors.

17th October 2018

Maven invests £2.15 million in Boiler Plan

Maven Capital Partners has completed a £2.15 million investment in Boiler Plan (UK) Ltd, a market disruptive platform that sells, installs and services boilers.  

The transaction includes a £1.65m investment from the Maven VCTs and a £500,000 investment from the North East Development Capital Fund, managed by Maven and supported by the European Regional Development Fund. The funding will help accelerate Boiler Plan’s growth, allowing the business to increase its geographic coverage and invest in its sales, marketing and digital functions.

Boiler Plan provides an innovative online platform for the purchase of a new boiler. Its ‘digital first’ solution offers consumers a quick and convenient way to complete the quote process online, with the installation able to take place within 48 hours. The platform supports the entire boiler sales process, handling everything from the choice of appliance, the initial home survey, finance payment options, installation by a qualified engineer, and the ongoing maintenance and aftercare service.

16th October 2018

Stride and Albion back Forward Health's $3.9m fundraising

Forward Health, the app working to reinvent healthcare communication, has raised a $3.9m seed funding-round led by Stride.VC, with additional backing from Albion Capital. The funds are joined by an impressive roster of angel backers, including healthtech founders Jay Desai from US company Patient Ping and Melissa Morris from UK-based Lantum.

Forward was founded in 2016 by UK doctors Barney Gilbert and Lydia Yarlott, alongside serial entrepreneur Philip Mundy. Their mission is to connect healthcare systems around the world, making communication secure, transparent and flexible for healthcare professionals and patients.

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