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British Business Investments invests yet again in Isomer Capital; closes £86.1M opportunities fund

Isomer Capital, a London-based VC investment firm, has announced the first close of its new €100 million (approx £86.1 million) co-investment fund – Isomer Capital Opportunities.

The new co-investment fund is backed by British Business Investments, through its Managed Funds Programme, amongst other global institutions. 

The investment from British Business Investments comes from its £500m Managed Funds Programme, which is designed to address the patient capital funding gap in the UK.

How will the funding be used?

The company will use the funding to co-invest in the most promising technology scaleups in Europe, alongside the venture capital funds in which it is invested. Isomer Opportunities has already completed its first deal in a highly competitive transaction. 

Isomer Capital Opportunities will co-invest in approximately 20 companies sourced from within the firm’s previous fund-of-funds, Isomer Capital I. 

Invested in 40 early-stage VCs

Since its inception, Isomer has invested in 40 early-stage VCs across Europe, giving it unprecedented access to dealflow, and a ‘macro-view of the European technology ecosystem.

Isomer Capital I has so far generated 7 unicorns, four of which have exited through IPO or M&A (including Deliveroo and Darktrace in the UK) recently.

Last year, the company launched Isomer Capital II, a €250 million (approx £215 million) diversified fund of funds that has already invested in 14 VC funds and invested over 25% of its capital with no J-curve. The British Business Investments also invested in this fund. 

Chris Wade, Co-Founder, and Partner of Isomer Capital says, “Together with our partner VC funds we continuously monitor the most promising portfolio companies that have rapidly grown revenues and address a market opportunity that could enable a company to become a world-class leader. Isomer Capital Opportunities will typically invest in companies that have been in the Isomer portfolio for more than 8 quarters and demonstrate a strong fully-formed management team with a shared vision of building a global company.”

Judith Hartley, CEO of British Business Investments, said: “Isomer Capital is a specialist fund of funds manager, with well-established venture and growth capital investment capabilities. This commitment to Isomer’s co-investment fund is well aligned with the strategic aims of the Managed Funds Programme and will provide a steady stream of capital to innovative growing businesses across the UK.”

 

The post British Business Investments invests yet again in Isomer Capital; closes £86.1M opportunities fund appeared first on UKTN (UK Tech News).

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