Octopus Investments Ltd announced the launch of its new fund, Octopus Titan Venture Capital Trust 4 plc.
Octopus Titan 4 will seek to raise up to £25m and will focus on providing early stage, development and expansion funding to unquoted companies. It is expected that the fund will invest in 20/30 unquoted companies with a typical deal size between £200,000 and £1m.
Commenting on the launch of the new fund, Guy Myles, managing director of Octopus Investments, said: “Many investors are seeing their finances eroded with increasing tax burdens and falling investment or saving returns. Venture Capital Trusts (VCTs) are highly tax efficient investment vehicles and more investors are looking at them as a way to grow their money or as an alternative to a pension”.
Octopus Titan VCT 4 has launched following the success of Octopus Titan VCTs 1-3 which have raised more than £50m.
Accroding to Alex Macpherson, managing director of Octopus Ventures, “Octopus Titan 4 will seek similar investments to those of the previous Titan funds, investing in businesses that radically change and improve the way industries operate and businesses that provide an innovative and easy service or product for consumers”.