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Key people at Literacy Capital.
Literacy Capital operates as a closed-end investment company, deploying capital into established UK businesses. It provides financial backing and strategic support to its portfolio companies, enabling management teams to drive growth and achieve their long-term objectives through various stages of development. The firm's approach emphasizes active partnership with the businesses it invests in, contributing both capital and expertise.
The company was co-founded in 2017 by Paul Pindar and Richard Pindar, commencing operations with an initial capital raise of £54 million. The founding insight stemmed from a desire to create a robust investment vehicle that not only generated financial returns but also contributed positively to society, leveraging the founders' extensive experience in business and finance to identify promising enterprises.
Literacy Capital's primary customers are the management teams of growth-oriented UK businesses seeking investment for expansion or strategic initiatives. Beyond its investment activities, a core tenet of the firm's vision is its commitment to philanthropy, annually donating 0.5% of its net assets to literacy and education charities. This dual mandate reflects a forward-looking model that integrates financial performance with a significant social purpose.
Key people at Literacy Capital.
Literacy Capital has 3 tracked investments across 2 companies. The latest tracked deal is $19.0M Series B in Butternut Box in April 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2019 | Butternut Box | $19.0M Series B | White Star Capital, Ivan Farneti | Alven, Partech Ventures, Portage Ventures, Roosh Ventures, Target Global, Hugues DE Braucourt, Passion Capital |
| Feb 1, 2018 | Butternut Box | $7.0M Series A | White Star Capital, Literacy Capital | Alven, Partech Ventures, Portage Ventures, Roosh Ventures, Target Global, Hugues DE Braucourt |
| Jan 9, 2018 | Hometree | $3.9M Other Equity | Literacy Capital | — |