Blackfinch Ventures has completed on 12 new investment deals totalling in excess of GBP11 million ahead of the tax-year-end deadline in a move which ‘significantly increases’ the number of technology and tech-enabled companies within its portfolio
Familiar names such as Cadidate.ID, Staffcircle and Kokoon make up the seven companies to have received follow on investment in totals ranging from GBP430,000 through to GBP1.09 million.
Whereas a further five new companies – including digital vendor management platform Brooklyn Vendor Assurance, global client engagement platform Clientshare, embedded integration platform Cyclr, real-time market research company OnePulse, and hyper-realistic text-to-speech platform LSTN – also secured a total of GBP6.5million.
A total of GBP10.4 million was raised through Blackfinch’s EIS Ventures Portfolios this tax year, which invests in innovative start-up and early-stage technology companies across the UK in a variety of industry sectors, and a further GBP5.8 million was raised through its Spring Venture Capital Trust (VCT) which invests primarily in companies at the start of their growth journey.
Source: Private Equity Wire
