30th anniversary of VCTs celebrated as 2024 raise approaches £240m Investing The total amount of money raised through venture capital trusts (VCTs) this tax year is approaching £240m, 20 per cent higher than last year, as the investment industry celebrates the vehicle’s 30th birthday. The VCT was unveiled in the 1994 Budget, where Chancellor Ken Clarke launched the scheme, and have since raised £12.5bn, funnelling money [...]
Sir Michael Moritz on triathlon, dangerous investments and Fergie Sport Business Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]
Cricket, rugby and football stars invest in health start-up Sport Business England rugby international Courtney Lawes and Arsenal footballer Ben White are also among the 60 professional sportspeople invested in The Players Fund.
Americans do it better (investing, that is) October 9, 2024 British companies are often accountable to passive shareholders, such as pension funds, leading to risk aversion and short-termism. The US invests differently, with much better results, says Tom Focas The UK economy is in dire need of a rejuvenation. Growth is still stagnating, productivity lags behind global competitors, and industries that once anchored the nation’s [...]
Venture capital firm launches UK’s only fund for British pensions September 2, 2024 A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Angel fund backed by former Credit Suisse CEO and Bridgerton star raises over £8m August 29, 2024 An angel fund backed by the former CEO of Credit Suisse and Bridgerton actress Charithra Chandran has raised $10.9m (£8.3m) in its first close. The Arāya Super Angel Fund, run by Arāya Ventures, is set to invest in up to 60 pre-seed and seed stage founders over the next four years in health tech, fintech, [...]
European VC firm Redalpine opens London office after £151m fundraise August 27, 2024 European venture capital firm Redalpine has raised $200m (£151.3m) for its largest ever fund, Redalpine capital VII, and opened a new office in London. Founded in Switzerland in 2006, the company has been the backer of companies like Klarna, tax filing software Taxfix and German neobank N26. Redalpine has also funded more than 10 UK-based [...]
Molten Ventures: Private equity portfolio slumps five per cent July 29, 2024 Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may be on the horizon.
Why doesn’t the UK government run its own venture capital funds, like China? July 24, 2024 With how essential venture capital is to the UK economy, why isn't the government running its own VC funds?
London cyber firm CultureAI raises £8m to double workforce and ‘fix human error’ July 17, 2024 CultureAI's latest capital injection follows seed rounds of $4m (£3.1m) in 2021 and $5m (£3.8m) in 2023.