Octopus Titan VCT raises £200m in four weeks

VCTs raising over 3.5x as much as last year

Octopus Titan VCT closed its latest offer last week (18 November), having reached its fundraising target of £200m in four weeks.

Alex Davies, CEO of investment platform Wealth Club, said that last year, Octopus Titan VCT raised £36.8m over the same period. In a statement, Davies said demand for venture capital trusts has sharply risen in recent years, with more than £500m having been invested in British VCTs in 2021 so far compared to £137m at this time last year. VCT industry cautiously hope for budget boost   This includes the £200m raised by Octopus Titan VCT, as well as £40m raised by both Octopus Apollo VCT and Octopus AIM VCTs, £60m raised by British Smaller Companies VCTs, £40m raised by Hargreave ...