Last year, Octopus Titan’s offer closed in four weeks, raising its full fundraising target of £200 million, Wealth Club, a high net worth investment service, said in a statement. 

Octopus  Titan VCT has net assets of £1.2 billion and is currently invested in 117 companies, including some of the UK’s fastest growing technology businesses such as pet insurer, Many Pets, British satellite launch company Orbital Express Launch, and digital clinic for substance addiction, Quit Genius. 
 
Alex Davies, CEO and founder of Wealth Club said: “At £1.2 billion of assets, Titan is the largest and one of the most exciting VCTs open to investors. It’s done exactly what VCTs are supposed to do: pump vast amounts of money into promising UK startups to help them grow. And that approach has paid off in spades for everyone involved.” 

“Companies such as Zoopla, the first VCT-backed company to reach a £1 billion valuation, Depop, the vintage fashion app which sold for $1.6 billion dollars and Many Pets, the pet insurer, currently valued at $2 billion – all got backing from Octopus Titan,” he continued.
 
Over the past 10 years Octopus Titan has generated NAV total returns of 152 per cent, equivalent to a £2.52 return for every £1 invested.
 
Davies added: “Despite the gloomy economic backdrop, demand for VCTs remains buoyant. With expected freezes to the pension allowances in next week’s Autumn Statement and the threat of even higher taxes, we expect demand this year to continue unabated. After all, for wealthier investors VCTs are one of the last sensible tax-efficient investments left.”