Octopus launches Titan VCT

Octopus is looking to raise £40m in its first VCT to launch this tax year. Titan VCT will be a twi...

Octopus is looking to raise £40m in its first VCT to launch this tax year. Titan VCT will be a twin vehicle so the manager can make investments of up to £2m, twice the normal amount for a single VCT. It will be run by the Octopus Ventures team, headed up by Alex MacPherson, recruited earlier this year that draws upon the expertise of a 90-strong investor network. The network has a track record in investing early into start-up companies and at least 25 members have been on the board of a FTSE company. Investments will be in companies ranging from £500,000 to £2m in size, comprising a ...