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Proven Growth & Income VCT Plc operates as a venture capital trust, primarily investing in a diversified portfolio of VCT-qualifying unquoted companies across the UK. The trust focuses on providing growth capital for established businesses, specializing in expansion and management buyouts. It channels funds into entrepreneurial ventures, aiming to foster innovation and contribute to the dynamic UK business landscape.
Launched on May 31, 2001, Proven Growth & Income VCT Plc was established to support promising UK growth businesses through the VCT framework. It is managed by Beringea LLP, a firm with a long-standing history in venture capital, overseeing the broader ProVen VCT family. Stuart Veale, the fund manager, guides investment decisions by identifying businesses poised for significant development and market impact.
The trust serves investors seeking exposure to unquoted growth companies, enabling participation in the development of the UK's innovative sectors. Its strategy delivers long-term returns by backing businesses with substantial growth potential. Proven Growth & Income VCT contributes capital and support, fostering job creation and economic prosperity across the United Kingdom.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 31, 2012 | SenseLogix | $1.6M Series B | Adam Workman | Northstar Ventures |