Today, Isomer Capital has announced the first close of Isomer Capital Opportunities. The new co-investment fund is backed by British Business Investments, through its Managed Funds Programme, amongst other global institutions.
The goal of the new opportunities fund is to build on the success of ‘Isomer Capital I’, the firm’s fund-of-funds that invests into early-stage venture capital firms across Europe.
Isomer Capital Opportunities will enable the firm to continue early growth investing alongside its VC partners into the UK and Europe’s fastest-growing technology companies.
Isomer Capital Opportunities will provide ongoing support to fast-growing technology scale-ups from within the firm’s early-stage portfolio. Isomer’s first fund of funds gained exposure to companies in 34 countries, generating high and consistent demand for growth capital.
Isomer Capital Opportunities will co-invest in approximately 20 companies sourced from within the firm’s previous fund-of-funds, Isomer Capital I.
Chris Wade, Co-Founder and Partner of Isomer Capital, says: “Together with our partner VC funds we continuously monitor the most promising portfolio companies that have rapidly growing revenues and address a market opportunity that could enable a company to become a world class leader. Isomer Capital Opportunities will typically invest in companies that have been in the Isomer portfolio for more than 8 quarters and demonstrate a strong fully-formed management team with a shared vision of building a global company.”
Judith Hartley, CEO of British Business Investments, said: “Isomer Capital is a specialist fund of funds manager, with well-established venture and growth capital investment capabilities. This commitment to Isomer’s co-investment fund is well aligned with the strategic aims of the Managed Funds Programme and will provide a steady stream of capital to innovative growing businesses across the UK.”