Blackfinch Spring VCT raises over £3.3 million
- On November 10, 2020
- By GrowthInvest Marketing
The Blackfinch Spring VCT has raised over GBP3.3 million to invest in a portfolio of technology and tech-enabled companies, since its launch in December.
The Spring VCT has been a natural follow-on funder for the Blackfinch Ventures EIS Portfolios, which invests in technology-focused companies at the start of their growth journey.
This fundraise comes at a time when the VCT market is under pressure, with reports that investment in these funds is down 50 to 70percent on previous years and some VCTs therefore may struggle to achieve their sustainable raise requirement, according to Blackfinch Group.
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