The London Technology Club (LTC), a community in Europe for investment opportunities in the technology sector, has launched its third fund in three years aimed at scale-up tech companies – particularly in the AI, fintech and mobility sectors.
The fund will offer access to multiple direct co-investment opportunities and leading venture funds. It is targeting a capacity of USD40 million-plus that will be deployed across 20–25 investments over a one-year period with a focus on high growth tech companies in the US, UK, Europe and MENA geographies.
LTC, grown as a community of club members, VCs, technology experts and institutional investors, has a strong track record of targeted investments following the deployment of its first two funds that raised USD23 million and USD30 million respectively. LTC’s first fund, Pledge Fund I, within less than two years has returned 30 per cent of capital back to investors and almost doubled the value of its assets under management.