Marking a quarter century of backing ambitious founders and building some of the UK’s most successful growth businesses
Over the coming year, we will be celebrating some significant milestones for the ProVen VCTs – 10 April will mark 25 years since the launch of ProVen VCT and, next year, ProVen Growth and Income VCT will also celebrate the 25th anniversary of its launch.
Together, the two funds have scaled to become some of the UK’s largest and longest-standing VCTs, and they can now look back on a quarter of a century of investing in UK innovation.
Through backing ambitious founders and enabling them to scale breakthrough businesses, the ProVen VCTs have created high-quality jobs, driven economic impact, and delivered long-term value to shareholders.
Along the way, the ProVen VCTs have steadily grown their assets under management, surpassing £100m in 2014 and reaching over £300m today. The shareholder base has grown to more than 12,000 investors, and the funds have backed hundreds of companies, including success stories such as Monica Vinader, Watchfinder, Blis, and Mergermarket - businesses that have gone on to become category-defining names.
To mark 25 years of the ProVen VCTs, we’ll be sharing a series of features over the coming year that look back at the story of the ProVen VCTs and the people, companies, and ideas that have defined them.
This will include:
• Key achievements across 25 years of investing
• Interviews with the inspirational founders backed by the ProVen VCTs
• Insights from Beringea, the manager of the ProVen VCTs
• Reflections from the boards of the ProVen VCTs
• And lots more snippets and soundbites to mark 25 years via our LinkedIn page
This celebration would not be possible without the trust and ongoing support of our shareholders, advisers, and partners.
Their commitment to the ProVen VCTs - and the companies we’ve backed - has been instrumental in driving the growth of our funds and our impact.
We’re excited to celebrate this anniversary with you, and we look forward to sharing more over the months ahead as we reflect on 25 years of backing brilliant businesses and look forward to what’s next.
Important notice: issued by Beringea LLP of Charter House, 55 Drury Lane, London, England WC2B 5SQ, registered in England & Wales number OC342919 and authorised and regulated by the Financial Conduct Authority, number 496358. This material is for information only and does not constitute an offer to buy or sell an investment nor does it solicit any such invitation. The information contained in this article is believed to be accurate at the date of publication but no representation or warranty stated or implied is made or given by any person as to its accuracy or completeness and no responsibility or liability is accepted for any such information or opinion. Please note that past performance is no guarantee of future results.
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The ProVen products are managed by Beringea, a specialist award-winning venture capital firm. If you have any questions contact us at: