Triple Point VCT 2011 PLC Investment Update (3505E)
27 February 2020 - 9:27PM
UK Regulatory
TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON
RNS Number : 3505E
Triple Point VCT 2011 PLC
27 February 2020
27 February 2020
Triple Point VCT 2011 plc
(the "Company")
INVESTMENT UPDATE
The Board of Triple Point VCT 2011 is pleased to announce that
the Venture Share class (known as The Venture Fund) has completed a
further two investments, the ninth and the tenth investments in the
share class respectively.
The first of the two investments was a US$900,000 (GBP697,566)
Series A investment into Quit Genius, a US-UK digital therapeutics
business that combines a phone app, cognitive behavioural therapy
and medication to help users quit smoking. The business markets its
solution to major corporates and health systems across the United
States and UK, including the NHS and MyCare Alabama. Quit Genius
will use the funding to continue expanding across the United States
and UK.
The second investment was a SEK10,000,015 (GBP799,362)
investment into Adfenix, a data-driven marketing automation
software provider. Adfenix counts some of the largest estate agency
brands in UK, USA, Sweden and Australia amongst its client base.
Adfenix will use the funding to launch a new product and continue
its expansion across the United States, UK and Australia.
The investments are 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
Harry Penberthy
Seb Wallace
Daniel Cardenas-Clark
Ian McLennan
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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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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