Triple Point VCT 2011 PLC Investment Update (8286W)
December 13 2019 - 4:50AM
UK Regulatory
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RNS Number : 8286W
Triple Point VCT 2011 PLC
13 December 2019
13 December 2019
Triple Point VCT 2011 plc
(the "Company")
INVESTMENT UPDATE
The Board of Triple Point VCT 2011 is pleased to announce that
the Venture Share class (known as The Venture Fund) has completed
its eighth qualifying investment.
An investment was made into an open API (application programming
interface) platform that enables insurance companies to digitally
join up their ecosystem of service providers, partners and
distributors, passing data to and from each other as and when
needed.
The platform enables insurance companies to launch and
distribute products faster and at a fraction of the cost of current
solutions.The Company invested alongside Outward VC and Notion
Capital in a round totalling GBP2,500,000.
The investment is in line with the Company's investment criteria
and risk and return profile.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Belinda Thomas
Harry Penberthy
Daniel Cardenas-Clark
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, in March 2019 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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contact rns@lseg.com or visit www.rns.com.
END
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