YFM Equity Partners has closed its British Smaller Companies Venture Capital Trusts (VCTs) fundraising after hitting its £75m target in 11 weeks.
The initial target of £50m was met in just a month, prompting the allocation of the £25m overallotment which was also filled ahead of schedule.
The round brings the British Smaller Companies VCTs’ total growth funds to £500m with £150m available for new investments.
The fundraise has captured approximately 30% of all VCT funds raised nationally during this period, according to YFM.
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The British Smaller Companies VCTs will invest in 12-15 ‘high-potential businesses’ annually.
These investments span a range of sectors, with a focus on creating value through sales growth and team expansion.
Recent investments include Integrum ESG, an SaaS platform offering ESG benchmarking, Spotless Water, a purification technology company, and Ohalo, a data governance specialist.
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