Fuel Ventures VCT has launched a £50m maiden fundraise, comprising a £10m target and £40m overallotment.
The VCT will build on the manager's track record of investing in early-stage marketplaces, platforms and Software as a Service (SaaS) businesses, and co-invest in its existing EIS funds. Calculus launches next EIS offering with tech and healthcare focus The Fuel Ventures team is led by MyVoucherCodes founder Mark Pearson, whose investment record includes early exits from Adobe and US equity management platform Carta delivering proceeds of £29m and a 6.2x return on cost. According to Nicholas Hyett, investment manager at Wealth Club, the focus on marketplaces, platforms, and SaaS ty...
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