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Octopus Titan VCT raises GBP200m in just four weeks

Octopus Titan VCT’s latest offer closed on Thursday 18 November, having raised its full fundraising target of GBP200 million in four weeks. 

Meanwhile demand for VCTs is soaring, already raising almost 3.65x as much as the total raised at this point last year.
 
Managed by Octopus Ventures, one of Europe’s largest venture capital teams, Octopus Titan VCT has grown to be the largest VCT, with net assets of GBP1.28 billion (June 2021, before the latest fundraise). Since 2007, it has invested in 100s of businesses and helped create four unicorns (private companies valued at over GBP1 billion). In the last year alone, online car supermarket Cazoo listed on NASDAQ at USD8 billion, pet insurer Bought By Many achieved a USUSD2 billion valuation and fashion marketplace Depop was acquired by Etsy for USD1.6 billion.
 
Alex Davies, CEO of Wealth Club, says: “Octopus Titan VCT has always been popular with investors but this year demand has rocketed. Last year, it took 28 days to get to GBP36.8 million. This year, it reached its full GBP200 million capacity in 28 days. It’s a credit to the VCT, but also a confirmation of a continuing surge in investor appetite for this sort of investment. Titan’s record raise is also a cautionary tale for investors, as many have missed out and will be regretting not acting sooner. All VCTs have a cap on capacity, and with demand at its highest ever level, they are selling out very quickly. So, if you see a VCT you like, act without delay. If you can miss out on a GBP200 million offer, you could well miss out on any of them.”

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