The 2023/24 financial year saw Blackfinch Ventures investing over £12 million in a diverse group of early stage and growth stage companies, reinforcing its commitment to the UK’s expanding tech economy.
Rounding up the tax year, Blackfinch’s Spring Venture Capital Trust has had a record breaking fundraise, growing 91% year-on-year, investing into 15 start-ups, while the Blackfinch EIS Portfolios have funded 13 companies.
Notably, the investments have introduced four new ventures into Blackfinch’s growing portfolio, with standout company, Kelpi, securing a combined total of £1.07 million. Additionally, 11 existing companies within the portfolio have received follow-on investments to continue their growth journey.
Dr Reuben Wilcock, Head of Ventures at Blackfinch, expressed enthusiasm about the firm’s latest achievements: “We’re immensely proud to support some of the UK’s brightest entrepreneurial talents. Our record year of VCT investments not only reflect our commitment to tech-led, diversified portfolios but also the vibrancy and potential of UK tech regions on the world stage.”