Blackfinch Ventures invests £11m into 17 early-stage and growth-stage companies ahead of tax-year-end

We are thrilled to announce Blackfinch Ventures has completed investment deals valued at £11m into 17 early-stage UK companies.

As a result of the rapid deployment of funds, Blackfinch investors benefit from instant ownership of highly diversified investment portfolios while also being eligible to claim tax reliefs for the 2022/2023 tax year.

The funds were raised through our Enterprise Investment Scheme (EIS) portfolios, as well as the Blackfinch Spring Venture Capital Trust (VCT).

EIS Portfolios and Blackfinch Spring VCT breakdown

• For the Blackfinch EIS portfolios, a total of £7.8m was invested into 17 companies.
• A total of £3.2m was invested into 13 companies for the Blackfinch Spring VCT.

New Businesses

The move sees three exciting new businesses join the ever-growing Blackfinch Ventures portfolio, with MarTech 3D, RideTandem and Up Learn collectively securing a total of £2.7m.

Follow-on investments

A further 14 companies, including Watchmycompetitor, Culture Shift, Clientshare, Illuma, StaffCircle and Tended received follow-on investments to reach their next stage of growth.

Read the full announcement below:

Dr Reuben Wilcock, Head of Ventures at Blackfinch:

“Once again we are proud to be backing some of the UK’s most talented founders and their teams, while also assembling well-diversified tech-led portfolios for a growing number of Blackfinch investors.”

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