Titan Alternatives was at the London Stock Exchange on Friday 22 March, to mark the first allotment within the Fuel Ventures VCT. Titan Alternatives co-founder and managing director, Matthew Cureton, was part of the team to ‘ring the bell’ at the prestigious ‘Market Open’ ceremony.
Titan Alternatives announced its most recent collaboration with Fuel Ventures last year, building on a history of successful introductions of capital made by the company over the years. It marks the first time Titan Alternatives has taken an official role in a VCT.
Fuel Ventures is a leading early-stage investor in technology in the UK, focusing on scalable companies across marketplaces, platforms and software. Led by entrepreneur Mark Pearson, the Fuel Ventures team have successfully sourced, scaled, and exited numerous other companies to date. The Fuel Ventures VCT builds on this success by offering investors the opportunity to invest in a more diversified portfolio of tech-enabled businesses.
Titan Alternatives has been working successfully with Pearson and his team for over five years, on various successful raises. With Titan already the largest source of capital for Fuel’s EIS portfolios and direct company raises, the VCT partnership is a perfect opportunity to build on this proven history of successful collaboration. Without any upfront or performance fee, the launch of the Fuel Ventures VCT offers one of the most attractive fee structures in the VCT market whilst aiming to provide investors with diversification, strong performance, and regular tax-free returns for years to come.
The Fuel Ventures VCT is open for investment in the current tax year until 4th April, and will look to make further allotments in the new Tax Year, closing on 31st July 2024.
Fuel Ventures Limited (FRN: 723915) is an Appointed Representative of Sapphire Capital Partners LLP (FRN: 565716) which is authorised and regulated by the Financial Conduct Authority.
Matthew Cureton, Managing Director of Titan Alternatives, said: “It was an honour to be part of the celebrations on Friday. Having played such a vital role in the launch of this VCT, we are proud of our association with Fuel Ventures and look forward to the ongoing success of the VCT. Numerous founders and their companies will benefit from the introduction of capital from the VCT helping them deliver growth to the UK economy.”
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The partnership with Fuel Ventures VCT builds on Titan Alternative’s history of backing various other successful projects over recent years.
A consortium which includes Shift, the tech-based delivery firm which bought Tuffnells in June last year has acquired Yodel. Titan Alternatives investors have backed Shift over several years since their introduction via Fuel Ventures in 2019. The transformative deal continues the growth and increase in value for all equity investors, creating what is now a ‘super scale’ logistics platform.
Estancia Capital Partners, a US PE firm has invested (£108m) into Flagstone, a leading cash deposit platform in the UK. The investment has been split into primary and secondary share purchases which allows significant returns for early investors along with the potential of even greater upside targeted with the new capital and represents one of the largest investments into a UK fintech this year.
