11 Apr 2019 15:02
11 April 2019
Triple Point VCT 2011 plc
(the "Company")
INVESTMENT UPDATE
The Board of Triple Point VCT 2011 plc is pleased to announce that the new Venture Share class (known as The Venture Fund) has completed its first two investments, into Augnet Ltd and MWS Technology Ltd.
The founding team of Augnet are former Skype executives who have developed a patent protected technology that enables SMS message to be tracked from origination to final delivery, providing a level of transparency and performance that does not exist in that market today. This is of particular importance to large corporate customers using messaging for everything from confirmation codes to marketing.
MWS's Aptem software service provides an end-to-end solution for apprenticeship and training providers to manage, serve and monitor their learner customers while complying with industry regulations
These investments are in line with the Company's investment criteria and risk and returns profile.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
Belinda Thomas Jonathan Parr 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, which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.