The company’s three venture capital trusts (VCTs), Matrix Income and Growth VCT, Matrix Income and Growth 4 VCT and the Income and Growth VCT, have been opened for investments of between £5,000 and £200,000 as part of the fundraising.

The three trusts have combined assets of almost £100 million with a portfolio of more than 50 companies.

The launch follows the announcement of Matrix investing £5 million in the management buy-out of recruiter RDL Corporation.

Matrix chief executive Mark Wignall says: ‘At this lower point in the economic cycle company valuations have become more attractive, with positive signs that vendors want to sell believing that they won’t get a better price if they wait another year or so.’