Isomer Capital, a London-based VC investment firm focused exclusively on European Venture Capital, has announced the first close of €100M opportunities fund – Isomer Capital Opportunities.
The new co-investment fund is backed by British Business Investments through its £500M Managed Funds Programme, designed to address the patient capital funding gap in the UK.
It’s worth mentioning that British Business Investments also invested in the €250M Isomer Capital II Fund of funds.
Various foundations, corporations, and family office investors from Europe, Asia, and the US, also participated in the funding round. The primary goal of the opportunities fund is to build upon the success of ‘Isomer Capital I.’
British Business Investments
British Business Investments is a subsidiary of British Business Bank plc. The company aims to earn a commercial return by investing, through finance providers, in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government.
Judith Hartley, CEO of British Business Investments, says: “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.”
Isomer Capital Opportunities
Isomer Capital Opportunities will co-invest in approximately 20 companies sourced from Isomer Capital I.
Further, the company will use the new opportunities fund to co-invest in the promising technology scaleups in Europe, alongside the venture capital funds in which it is invested.
The UK company says it has already completed its first deal in a highly competitive transaction.
Invested in 40 early-stage VCs
Since its inception, Isomer Capital has invested in 40 early-stage VCs across Europe. The UK company’s first hybrid funds gained exposure to companies in 34 countries, generating high and consistent demand for growth capital.
The company’s portfolio has exposure to ten unicorns, and four European technology companies reached IPO to date, including Darktrace and Deliveroo.
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 grown 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 eight quarters and demonstrate a strong fully-formed management team with a shared vision of building a global company.”