After Albion’s fundraise of £80 million in early 2023, the new offers reflect the firm’s belief that there are exciting emerging companies that require additional funding to grow. Many of these companies are growing rapidly, such as Proveca, Egress, and Quantexa, which was the first UK unicorn of 2023, the firm said in a statement. 

“Having invested in 45 companies and generated £140 million from exits over the past three years, Albion’s latest fundraise demonstrates our ongoing commitment to backing British entrepreneurs,” Will Fraser-Allen, managing partner at Albion Capital, said. “In these challenging market conditions, we remain convinced that VCTs allow early-stage companies the ability to manage through times of adversity, while enabling investors to access ambitious companies in sectors that can act as long-term engines of growth.”

“We see plenty of investment opportunities in new growth areas that can flourish despite a high interest rate environment, such as data and artificial intelligence. We aim to continue providing a patient source of capital to UK companies who are leading this growth,” he added.