We are delighted to announce that Pembroke VCT is now a £200 million fund with a maturing portfolio of over 40 growth-stage companies.
We aim to find exceptional and innovative founders to grow the businesses of tomorrow. We continue to invest in founder-led businesses with our ‘stepping-stone’ investment strategy.
In the 12 months to July 2022, we have invested £15.5 million into new companies and £33 million into follow-on opportunities. Additionally, our target dividend has increased from 3.0 pence per share to 5.0 pence per share.
In this issue we would like to tell you about our new investments into the midwife-founded business My Expert Midwife, podcast solutions brand Auddy, and Bloobloom, the ethically made designer eyewear business.
We also bid farewell to one of our earlier investments, modern luxury fashion brand ME+EM. We first backed Clare Hornby in 2015 and it has been fantastic to help the brand grow into the high-end popular digital direct-to-consumer fashion business that it is today, despite the challenges of the pandemic.
We will also give you an update on the rest of our portfolio, with exciting news from Peckwater Brands, N Family Club, OnePlan, COAT and more.