The Mobeus VCTs have raised £9.6 million through Wealth Club within an hour of opening, this is their fastest ever raise, up 140% on the first hour of their previous fastest raise.
The Mobeus VCTs have announced an offer for up to £90 million (£70 million + £20 million overallotment).
The VCTs have total net assets of £338.5 million and a combined portfolio of around 50 companies.
Nicholas Hyett, Investment Manager at Wealth Club said, “This is the Mobeus VCTs’ fastest ever fundraise through Wealth Club, 140% ahead of their previous record.
“The pace of the raise is encouraging. After the general investment malaise of the last couple of years and the downturn in venture investing, it looks like wealthier investors – when presented with a good opportunity (which the Mobeus VCTs are) – remain more than willing to back young innovative UK businesses.
“It’s good news for the investment world and even better news for the economy as a whole: young businesses are vital to job creation and growth.
“The Mobeus VCTs have certainly opened this year’s VCT season with a bang – it may be a sign the tide is turning.”
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