EMV Capital Achieves Oversubscribed £1.5m Fundraising
Deal News | Dec 05, 2024 | EMV Capital
In a notable achievement, EMV Capital plc, a venture capital investment group focusing on deeptech and life sciences, has successfully closed an oversubscribed fundraising effort, raising £1.5 million. The process saw £932,752 raised through a Subscription and £567,248 through a Retail Offer. Despite challenging economic conditions, Dr. Ilian Iliev, CEO of EMV Capital, expressed satisfaction at closing the fundraising at a premium. The participation of supportive existing and new investors, many of whom are actively involved in funding EMV’s portfolio companies, played a crucial role in this success. The newly raised capital is intended to bolster the company's growth strategy.
Sectors
- Venture Capital
- DeepTech
- Life Sciences
Geography
- United Kingdom – EMV Capital plc is a UK-based company, reflected in the currency used for fundraising (pence) and its listing on AIM, a sub-market of the London Stock Exchange.
Industry
- Venture Capital – EMV Capital operates as a venture capital firm focused on deeptech and life sciences, indicated by their latest fundraising event.
- DeepTech – EMV Capital is investing in leading-edge technology companies, signifying its role in the DeepTech sector.
- Life Sciences – With an investment focus on life sciences, EMV Capital is actively involved in funding companies within this industry.
Financials
- £1.5 million – Total gross proceeds raised in the oversubscribed fundraising.
- 0.50 pence per New Share – The Issue Price of New Shares during the fundraising.
- £932,752 – Amount raised through the Subscription in the fundraising.
- £567,248 – Amount raised through the Retail Offer in the fundraising.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EMV Capital plc | PE Firm | Company | A venture capital investment group specializing in deeptech and life sciences, known for orchestrating fundraising efforts. |
| Dr. Ilian Iliev | CEO | Person | CEO of EMV Capital, played a key role in the successful fundraising initiative. |
| EMV Capital Partners | Facilitator | Company | Introduced supportive investors and facilitated the fundraising process for EMV Capital. |