HomeUKBlackfinch Ventures Invests Over £12M as Tax Year Ends

Blackfinch Ventures Invests Over £12M as Tax Year Ends

Financial year saw Blackfinch Ventures (Gloucester, UK) investing over £12M in a diverse group of early stage and growth stage companies.

Notably, the investments have introduced four new ventures into Blackfinch’s growing portfolio, with standout company Kelpi securing a combined total of £1.07m. Additionally, 11 existing companies within the portfolio have received follow-on investments to continue their growth journey.

The Ventures team’s total investment now stands at over £78M across 41 companies since its inception in 2019. Blackfinch’s investments span a wide range of sectors, from accessing public transport and digital education to marketing solutions.

Dr Reuben Wilcock, Head of Ventures at Blackfinch, said: “We’re immensely proud to support some of the UK’s brightest entrepreneurial talents. Our record year of VCT investments not only reflect our commitment to tech-led, diversified portfolios but also the vibrancy and potential of UK tech regions on the world stage.”

Commenting on the news, Richard Cook, CEO of Blackfinch Group, said: “This has been a fantastic year for the Venture Capital area of our business. Market data shows that VCT fund raising was slightly down this year, yet Blackfinch saw an increase of circa 90% in our inflows. This is a reflection of our rapidly increasing profile in the space, driven by a high quality team coupled with a great portfolio of companies, as well as a fund which is now paying dividends. At a time when venture capital is becoming part of a wider discussion for the UK economy, this is an exciting time for Blackfinch to use its experience and expertise to help with this growth opportunity.

VCWire

25/04/2024