Deepbridge Capital has announced their Deepbridge Technology Growth EIS Fund has surpassed a landmark £100m in capital deployment.
The fund was launched in 2013 with the aim of providing UK investors with access to private early-stage companies in intellectual-property-rich sectors, including energy and resource innovation, hardware technologies and IT-based developments.
Interest in the Deepbridge Technology Growth EIS Fund has accelerated in recent years with 30% of the fund being raised within the past two years.
“We are delighted to have reached yet another deployment milestone, which reinforces our belief that our hands-on investment management style and uniquely expeditious speed of deployment is well received by financial advisers and private investors alike,’ said Ian Warwick, Managing Partner at Deepbridge Capital.
“The Deepbridge Technology Growth EIS portfolio is maturing well, which is now being demonstrated by the commercial successes of the investee companies, the significant co-funding our companies are attracting, and the investor exits achieved. We are currently working with a number of our portfolio companies on potential exit opportunities which will further validate our approach to EIS investing.
“In the last tax year, for every pound of EIS funding raised we were able to support our investee companies in attracting a further two pounds of co-funding. This is a continuing theme this tax year and evidences the quality of investee companies we are working with.”
The Deepbridge Technology Growth EIS Fund is one of a range of Deepbridge EIS Funds thats includes the Deepbridge Life Sciences EIS Fund. Deepbridge currently manages around £210m of funds.