Pembroke VCT, the venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has sold its investment in ME+EM – the British direct-to-consumer fashion brand – achieving a return of 16x its original investment. ME+EM is Pembroke’s third successful exit in the space of fourteen months, having sold Pasta Evangelists and Plenish in January and May of last year, respectively.

Pembroke is a long-term investor in ME+EM, having first backed Clare Hornby in 2015, working alongside her and the team to help build the modern luxury fashion brand that it is today. Pembroke’s stake in the business has been sold to Highland Europe, who have invested to accelerate the brand’s international expansion in the US, Australia and the Middle East.

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