VC Octopus Ventures turns 10 and now invests £100m in start-ups every year

Holding a portfolio of 55 businesses, the VC now manages in excess of £660m and has backed the likes of eve sleep, tails.com and Swiftkey

A decade since its inception,Octopus Ventures now invests £100m in start-ups every year – the VC has announced.

Managing a fund size of £661m, and with a current portfolio of over 55 businesses, the VC has previously backed the likes of Startups 100 2017-ranked eve sleep, tails.com, and property partner.

Successful also exits include a reported $250m deal which saw Microsoft acquire Swiftkey, property website Zoopla floating on the London Stock Exchange and graze.com being bought out by the Carlyle Group.

Founded in 2007, the VC firm started off with an initial fund of just £30m, investing a mere £10m a year at the time.

With an investment focus on “unusually talented entrepreneurs”, it currently backs businesses from Seed stage right up to Series C – with 800 jobs created by its portfolio every year.

Part of Octopus group, which was founded in 2000, the fund management business manages more than £6bn of funds on behalf of 50,000 investors.

Alex Macpherson, Head of Octopus Ventures, said:

“During the last ten years we have been incredibly fortunate to back some truly outstanding entrepreneurs, many of whom come back to us time and time again with new ventures, or who go on to introduce us to other talented founders.

“Access to investment is key for our entrepreneurs but backing these businesses has never just been about providing financial support. Helping entrepreneurs create defining moments for their businesses has also always been fundamental to our relationships.

“Our global expansion is a really significant step for us, and is a vital piece in the puzzle when it comes to providing the additional value our portfolio deserve and in reality, should expect, in order to reach their potential.”

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