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Augmentum launches with pipeline of prospective investments

Augmentum Capital, the entrepreneurial fund founded by Tim Levene and Richard Matthews, has formally launched.

It comes soon after its first investment in BullionVault, the online physical gold investment platform.

The fund is targeting GBP50m of private equity deals over the next three years and is backed solely by RIT Capital Partners, the London listed investment trust in which Jacob Rothschild and family are substantial investors.

Augmentum focuses on dynamic, growth businesses that are break-even or profitable in the e-commerce and technology sectors. Geographically its prime areas of focus include the UK and Hong Kong. Its typical investment size is between GBP3m and GBP10m.

“This is an exciting moment for us. In the current environment, there is a strong need for a fund that has real hands on experience in growing technology and internet businesses. We are fortunate to be seeing some high quality opportunities from a host of different sources, and anticipate closing further deals in the coming months,” says Levene (pictured).

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