This year was a very exciting year for our venture capital portfolio.
Conviction Investment Partners deployed £27m into fast growing software companies. This included leading funding rounds for Akkroo and Oradian.
Our investment in iZettle achieved an early exit at a premium valuation. PayPal acquired the business for $2.2bn.
Middleton Enterprises co-invested in Refract’s £800k Seed round. Their AI enabled software analyses telesales calls to help coach and improve performance.
We invested in the new challenger bank, BankNorth. Which will focus on lending to SME’s across the North of England.
We also co-invested in the $46m Series C for US rental platform, Zumper.