Future Planet Capital, a global university, impact and innovation investment group, has completed the acquisition of two venture capital firms: Milltrust Agricultural Investments and RT Capital.
Future Planet Capital, a global university, impact and innovation investment group, has completed the acquisition of two venture capital firms: Milltrust Agricultural Investments and RT Capital.
Self-financed and involving no dilution to existing shareholders, the transactions bring USD130 million to Future Planet Capital Group’s overall Assets under Management (AuM), taking the stable’s total assets to over USD300 million.
The deals follow a pivotal year of growth for the Group, as it prepares to return to Seedrs following its successful GBP1.5 million raise on the platform in 2020, the first of its kind for an institutional Venture Capital Firm.
Launching to the public on 22 November, the Group is seeking to raise GBP2.5 million to build on its aims to connect global investors with the best and brightest start-ups from leading universities while growing its network to help these companies expand and globalise.
Since the 2020 raise, the Group has exceeded its targets significantly: increasing revenue by 10X, growing its portfolio to over 100 companies (including 23andMe, Vaccitech, Aria, Tokamak, Tropic and PragmatIC) and expanding headcount to 20 full time employees.
Douglas Hansen-Luke, Executive Chairman at Future Planet Capital, says: “2021 has been a pivotal year for Future Planet Capital and our ambitions to be the world’s top impact-led, venture capital firm. What a way to end the year passing the USD300m milestone! We have admired the approach of Milltrust Agricultural Investments and RT Capital to investing in high growth companies for some time and I am delighted to welcome them aboard. We are making fast progress on our mission to support organisations that are presenting solutions to the critical issues that we face.”
“I am also excited to announce the launch of our latest Seedrs raise. Future Planet were the first institutional venture capital firm to open their business to the crowd and I am pleased to return to the platform having experienced a significant increase in momentum for our business as we look to further democratise access to impact investing.”
