Four Mobeus venture capital trusts launched on Thursday (20 January) have already sold out within just 24 hours due to “unprecedented” demand.
The VCTs were set up in a bid to raise £35m for early-stage British businesses looking to scale up, but had already sold out as of midday Friday (21 January). Some £17.5m - half of the total fundraise - was invested through Wealth Club. Alex Davies, CEO and founder of Wealth Club, said: "This is the fastest fund raise that we have ever seen, selling out 45% of its value within less than 4 hours, and closing its books by lunch today just 24 hours after launch. "Mobeus have something of the Midas touch and a loyal and supportive base of shareholders as a result. We have been inundat...
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