Albion Venture Capital Trusts close £90M top-up offer as demand for UK innovation investments grows

Albion Venture Capital Trusts (VCTs) have successfully closed a £90 million top-up offer, demonstrating robust investor demand for UK technology innovation. This significant capital infusion underscores a growing confidence in the British tech ecosystem, particularly within deeptech, healthcare, and B2B software sectors. The fundraise highlights the continued appeal of VCTs as a vehicle for supporting burgeoning companies and generating long-term, tax-efficient returns for investors. The £90 million will be strategically deployed into a diversified portfolio of high-growth enterprises, ranging from early-stage disruptors to established scale-ups. This capital will fuel advancements in areas like decision intelligence, with notable portfolio company Quantexa, and digital health solutions championed by Oviva, Europe's leading digital health company. Investments will also target innovations such as AI-powered infrastructure from companies like tem, which focuses on reducing business energy costs. This successful fundraise follows a period of strong portfolio performance, with Albion VCTs raising over £405 million in the last five years. The trend of companies advancing from growth to scale-up stages, observed in 64% of portfolio companies over the past three years, indicates a healthy maturation of the UK's tech landscape. This influx of capital is poised to further accelerate the development and global competitiveness of British technological advancements.