Octopus Investments launches £35m VCT fundraise

Apollo VCT

Octopus Investments has launched a £53m fundraise for its Apollo venture capital trust.

This is the second round of fundraising for the VCT in almost exactly 12 months, having engaged in a £40m fundraising this time last year. Apollo VCT focuses on fast-growing B2B software businesses and is run by an 11 strong investment team at Octopus Ventures, led by Richard Court. The VCT invests in early-stage businesses which are therefore higher risk, but the investment group argued they still tend to be more established with existing recurring revenues and have the potential for significant expansion.  Octopus Investments launches £20m joint fundraising Indeed, Court said ...