At Pembroke VCT, the last six months have presented new challenges for all of our portfolio businesses. We have been impressed by how our founders and management teams have responded to these challenges in such extraordinary times.
Our principle of backing exceptional founders in businesses that we understand has worked to our advantage as many companies have taken this opportunity to pivot and redefine the way they operate.
Companies that have continued to grow through the crisis are those where management took stock of the situation and implemented new strategies; not one single overarching change, but a number of small pivots.
In this issue we’d like to tell you about our new investments, provide you with an update on our current portfolio and how a few of our founders are responding to the evolving COVID-19 restrictions.