Investment firm Albion Ventures is to raise £15 million to back early-stage businesses.
Investment firm Albion Ventures is to raise £15 million to back early-stage businesses.
The funds will be raised through a linked top-up scheme, which allows investors to buy shares in seven of Albion’s established venture capital trusts (VCTs).
Patrick Reeve, managing partner at Albion Ventures, comments that the scheme will give investors access to a portfolio of 55 unquoted companies with assets of just under £200 million.
He adds: ‘Areas of particular concentration are the healthcare and environmental sectors, both of which we have been involved with for a number of years and there are now many opportunities in these areas.’
Albion makes investments of between £1 million and £10 million in technology-oriented or asset-based businesses, and currently has around £200 million under management.
