Pembroke VCT announces three new investments into the Pembroke VCT B Share portfolio
Pembroke VCT plc (PEMV) have recently announced an issue of equity. An allotment for the B Share offer was made on 9th March 2018 and investors can expect their tax certificates shortly. Further allotments will be announced in due course.
Update on deal flow:
Since the start of 2018 Pembroke VCT has invested in three new investments which will go into the B Share portfolio for Pembroke VCT. The investment team at Pembroke are seeing around six new businesses a week approaching the team for funding.
Andrew Wolfson, MD, Pembroke VCT said:
“We are seeing increased levels of high quality deal flow compared to this time last year and already in 2018 we have completed three investments in three great businesses. We back exceptional founders, with great ideas and the ability to expand into new markets and new geographies. We want to work with our portfolio companies and build the consumer brands of the future.”
Recent investment examples that now sit in the Pembroke VCT B Share portfolio include:
PlayerLayer, as featured in the Times designs and manufactures customised sports kit for universities, sports clubs and schools. Since it was founded in 2008, it has become a leader in the premium education market with annual sales of £5m in 2016/17. Customers include universities, schools, local and professional clubs, such as the British Speed Skating team, England Lacrosse, London Blitz American football team and some of Holland’s top hockey clubs.
The global teamwear market is around £19 billion in size, and as a result of its success in this market, PlayerLayer has recently partnered with a US mega-brand to become the exclusive licence partner to distribute its teamwear across Europe. Such a development opens up significant opportunity to grow the business internationally. Pembroke invested as part of its latest £7m investment round, the proceeds of which will be used to broaden PlayerLayer’s reach in the UK and European sports apparel market.
Stylindex is a platform that helps content producers find the best models, creative talent, and production resources for photoshoots, videos, and events. With more and more photo and film shoots being undertaken across multiple platforms, ensuring budgets and process are managed whilst having access to the best talent is ever more important.
Brands now need 100x more visual content than they did a decade ago, yet still rely on outdated tools – Stylindex’s cloud-based platform allows brand teams to manage shoots and assets in one place. The company’s founder, Holly Dunlap, is a well-connected serial entrepreneur best known for building fashion brand HOLLYWOULD, which she sold to Sun Capital.
Popsa is a photobook app that, through the use of proprietary machine learning algorithms, has reduced the time it takes for customers to produce photobooks from 2 hours to an average of just 6 minutes.
In 2017 the company grew on average by 60% month-on-month.
Popsa operates in a £5 billion global industry that has been built on a clunky and frustrating process – by automating the selection of a customer’s most relevant photos, Popsa’s disruptive software removes this frustration.
To access these investments and more, please contact us. The close date for the 17/18 allocation is April 5th 2018.
Risk warning: VCT investments are high risk investments. Please see full risk warnings.