Octopus Titan VCT 5 will invest in 20 to 30 unquoted companies with a typical deal size of between £200,000 and £2 million, according to a statement from the firm. The VCT follows on from Octopus Titan VCTs 1 to 4, which have launched over the past four years and raised £70 million.

Alex Macpherson, head of Octopus Venture Partners, which manages the Titan VCTs, says the fifth trust will invest in companies across all sectors and will target ‘significant capital growth’. Previous Titan investments include transaction network Calastone and property price supplier Zoopla.

Macpherson adds: ‘As the economy comes out of recession, I believe this is a great time to be investing in entrepreneurial high-growth businesses.’