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Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Vct 2011 Plc LSE:TPOA London Ordinary Share GB00BNCBFM82 A ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 48.50 47.00 50.00 48.50 48.50 48.50 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.7 0.3 0.0 - 11

Triple Point VCT 2011 PLC Investment Update

23/09/2020 7:00am

UK Regulatory (RNS & others)


Triple Point Vct 2011 (LSE:TPOA)
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RNS Number : 7842Z

Triple Point VCT 2011 PLC

23 September 2020

23 September 2020

Triple Point VCT 2011 plc

(the "Company")

INVESTMENT UPDATE

The Board of Triple Point VCT 2011 is pleased to announce that the Venture Share class (known as The Venture Fund) has completed its 13(th) , 14(th) and 15(th) investments.

An investment of GBP150,000 was made into 3D imaging and software business Artificial Artists. Set up by senior visual effects experts, Artificial Artists makes CGI cheap and easy-to-use for brands and marketing agencies. Their cloud-based product, 3DCTRL, is a live animation and editing tool that allows users to adjust CGI marketing assets in real time. The tool empowers marketing agencies to create visual effects in house, rather than using expensive external studios, and allow brands to edit assets quickly and easily.

An investment of GBP150,000 was made into Veremark, a background checking company using proprietary technology to dramatically decrease the time it takes to complete verification checks. Traditionally, checks are done as part of an employee recruitment process. They are often time-consuming, manual and expensive, with over 40 human touch points. Veremark automates the background checking work flow, to offer a product with a quicker turnaround time and better experience than competitors on the market.

An investment of GBP500,000 was made into a business which provides businesses with a toolkit to encrypt sensitive data, so that the data can be shared inside and outside an organisation based upon the access rights of a user, significantly reducing the likelihood of data breaches. The company's toolkit automates data privacy, protection and governance and allows company data protection policies to be customised on an individual user basis. Typically, personal data sits in silos within organisations, and is manual and costly to maintain and inconsistently protected and accessed.

The investments are each in line with the Company's investment criteria and risk and return profile.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
  Triple Point Investment Management   Tel: 020 7201 8989 
   LLP 
   (Investment Manager) 
  Belinda Thomas 
   Harry Penberthy 
   Seb Wallace 
   Daniel Cardenas-Clark 
   Ian McLennan 
 
 

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/ .

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

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END

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September 23, 2020 02:00 ET (06:00 GMT)

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