Triple Point VCT 2011 PLC Investment Update (9494V)
April 11 2019 - 9:02AM
UK Regulatory
TIDMTPOA TIDMTPOB
RNS Number : 9494V
Triple Point VCT 2011 PLC
11 April 2019
11 April 2019
Triple Point VCT 2011 plc
(the "Company")
INVESTMENT UPDATE
The Board of Triple Point VCT 2011 plc is pleased to announce
that the new Venture Share class (known as The Venture Fund) has
completed its first two investments, into Augnet Ltd and MWS
Technology Ltd.
The founding team of Augnet are former Skype executives who have
developed a patent protected technology that enables SMS message to
be tracked from origination to final delivery, providing a level of
transparency and performance that does not exist in that market
today. This is of particular importance to large corporate
customers using messaging for everything from confirmation codes to
marketing.
MWS's Aptem software service provides an end-to-end solution for
apprenticeship and training providers to manage, serve and monitor
their learner customers while complying with industry
regulations
These investments are in line with the Company's investment
criteria and risk and returns profile.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Belinda Thomas
Jonathan Parr
Ian McLennan
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website
https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/
NOTES:
The Company is a Venture Capital Trust incorporated in July
2010. The Investment Manager is Triple Point Investment Management
LLP. The Company was established to fund small and medium sized
enterprises (SMEs). The Company launched a new share class, known
as The Venture Fund, which is mandated to invest in SMEs producing
products or digital services that solve challenges faced by their
larger corporate customers.
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END
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