New venture capital trust targets high-growth tech innovations
On March 22nd, 2024, a landmark event took place at the London Stock Exchange (LSE) as Fuel Ventures VCT, an innovative new fund, made its debut on the premium segment of the main market. This significant milestone saw the gathering of top executives from Fuel Ventures and Titan Alternatives, along with the founders of their portfolio companies, to celebrate the market open ceremony.
Fuel Ventures VCT emerges as the latest venture from Fuel Ventures, a venture capital investor known for its disruptive approach to backing early-stage companies specializing in marketplaces, platforms, and Software as a Service (SaaS) businesses. With the backing of Titan Alternatives Ltd, Fuel Ventures VCT aims to make 30 investments in high-growth technology innovations over the next three years.
Mark Pearson, the Managing Partner at Fuel Ventures, expressed his enthusiasm for the new launch. He highlighted the importance of Fuel Ventures in their investment strategy, emphasizing its role in supporting their portfolio companies’ growth ambitions. “We are excited about the potential of the VCT to become a £100m+ fund. It’s thrilling to see Titan Alternatives, our long-term partner, show their support as the main promoter of this venture,” said Pearson.
Matthew Cureton, Co-Founder and Managing Director of Titan Alternatives, shared his perspective on this groundbreaking initiative. “Having worked with and introduced capital to various VCT Managers since 2005, we are thrilled to now promote Fuel Ventures. This marks a new chapter in our journey with Fuel Ventures, building on our positive experiences within their EIS portfolios. We see this VCT as a golden opportunity for investors to engage with a diversified portfolio of tech-enabled companies, all while benefiting from Fuel Ventures’ expertise,” Cureton remarked.
The launch of Fuel Ventures VCT on the LSE’s main market not only underscores the venture’s ambitious plans but also highlights the growing interest in high-growth technology sectors. This move signals a promising future for investors looking to tap into the potential of tech innovations, backed by the seasoned expertise of Fuel Ventures and Titan Alternatives.
