TPOA Triple Point Vct 2011 Plc

TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON

RNS Number : 3795K

Triple Point VCT 2011 PLC

05 May 2022

5 May 2022

Triple Point VCT 2011 plc

(the "Company")

INVESTMENT UPDATE

The Board of Triple Point VCT 2011 plc is pleased to announce that the Venture Share class (known as The Venture Fund) has completed a further 5 investments since January 2022 and now has 34 portfolio companies.

Investments have been made into:

-- Konstructly: a workforce management and hiring app connecting tradesmen and construction companies.

-- Konfir: a verification platform that enables instant employment history and prior income checks.

-- Visibly: A skills-building and supervision app that helps field engineers to deliver high quality work, without in-person monitoring.

-- Crowd Data Systems: A business which is the developer of a cloud-based treasury management software solution built for medium and large enterprise.

-- A business which is building a platform to transform the business-to-business sales process from pitch to onboarding.

The combined amount deployed into the above 5 investments is GBP1.72 million.

The investments are each in line with the Company's investment criteria and risk and return profile.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
  Triple Point Investment Management   Tel: 020 7201 8989 
   LLP 
   (Investment Manager) 
  Belinda Thomas 
   Ian McLennan 
   Seb Wallace 
 
 

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/ .

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

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May 05, 2022 02:01 ET (06:01 GMT)

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