Deepbridge Capital announced it has exceeded £200m in investments

By Joy Dumasia

Deepbridge Capital, the tax-efficient investment manager, has announced that it has exceeded £200 million of funds deployed across its EIS and Estate Planning Service funds, with a current NAV of over £250 million.

In 2010, Chester-based Deepbridge launched its first EIS fund in the 2013/14 tax year and specialised 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 the Seed EIS stage, with three profitable exits.

Earlier this year, Deepbridge reported a record year of EIS fundraising, 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, the 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.”

IBS Intelligence reported that Deepbridge Capital, the UK venture capital investment manager, announced that it had secured a £15m commitment from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early-stage businesses across the UK.