Octopus Titan VCT intends to raise up to £120m
By Tom BelgerOctopus Titan VCT (Venture Capital Trust) has announced its intention to raise up to £120m
Section: mobile apps categories
Part of the venture capital management arm of Octopus Investments, Octopus Titan VCT backs entrepreneurs and innovative smaller companies.
Octopus Titan VCT will launch a new offer for subscription to raise the funds – with an over allotment facility of a further £80m – in the near future.
An offer document containing further details will be available to shareholders and potential new investors later this summer.
Octopus Titan VCT has provided backing to companies such as Zoopla Property Group, SwiftKey and online travel company Secret Escapes.
Octopus’ venture capital trusts have invested over £600m on behalf of 25,000 investors since launching in 2002 and offer a range of such trusts to suit each client’s objectives.
The Titan VCT invests in early-stage companies with the potential for high growth.
Its diverse portfolio consists of around 50 entrepreneurial companies.
Octopus also offers AIM VCTs and Apollo VCT, which invests in AIM-listed companies and established smaller companies respectively.
Keywords: SME investment, Octopus Investments, Octopus Venture Capital Trust, Octopus VCTs, Octopus Titan VCT, SME lending, business finance, business lending, business investment, commercial finance, SME investment platform, investors