Deepbridge Capital exceeds £200m of investments
Tax efficient investment manager Deepbridge Capital has announced that it has exceeded £200m of funds deployed across its EIS and Estate Planning Service funds, with a current NAV in excess of £250m.
Founded in 2010, Chester-based Deepbridge launched its first EIS fund in the 2013/14 tax year and specialises in providing venture capital to early-stage technology, life sciences and renewable energy companies.
Deepbridge has, to date, invested in 71 companies across the UK with Enterprise Investment Scheme (EIS) funding, a further 63 companies at Seed EIS stage, with three profitable exits.
Earlier this year, Deepbridge reported a record year of EIS fund raising, with almost £30m of funds deployed during the 2020/21 tax year across the Deepbridge Technology Growth EIS and Deepbridge Life Sciences EIS.
In addition to its EIS funds, Deepbridge also manages the Deepbridge Estate Planning Service, which utilises business relief qualifying renewable energy assets to provide inheritance tax mitigation.
Ian Warwick, Managing Partner at Deepbridge Capital, commented: “When we launched our first fund eight years ago, our goal was to support early-stage companies on their growth journey and provide the best possible products for investors, with fundraising milestones not on our mind. However, reaching such a milestone represents an opportunity to reflect on our achievements, which are solely down to having a great team, great investee companies and fantastic support from investors and financial advisers. Our approach of providing hands-on proactive support to investees is proving the right approach; with three profitable exits to date, a portfolio of companies which is maturing well, and significant co-funding being attracted – our investors and financial adviser community can look forward to further good news stories ahead.
“When the Government’s Patient Capital Review redefined the EIS sector and focused investments on growth-focused innovators, this supported our proposition perfectly as we have long spoken about investing in the spirit of EIS; namely seeking to scale great companies that contribute to the UK economy. As we undergo a period of economic recovery in the UK, the Enterprise Investment Scheme has never been more important and will be critical to creating the great companies of tomorrow. We look forward to providing even further support to great growth companies over the coming years.”
Deepbridge currently consists of 53 team members across offices in Chester, London, Edinburgh, Bristol and Queensland, Australia.