Fuel Ventures Partners with Hargreaves Lansdown for VCT Offering
Deal News | Mar 13, 2025 | Business Cloud
Fuel Ventures has launched its Venture Capital Trust (VCT) on Hargreaves Lansdown's online investment service, following the successful fundraise of £10.2 million. This is the largest ever initial fundraise by a new entrant to the VCT market. The fund has so far invested in nine UK businesses, including Hotel Manager, SearchLand, and FundPath. Stan Williams, a partner at Fuel Ventures, expressed enthusiasm about the partnership, which aims to enhance investor access to Fuel Ventures' comprehensive portfolio. The allure of VCTs has been rising due to their tax-efficient investment structure, offering up to 30% income tax relief. Investors can partake in this offering from £10,000 to £200,000 before the tax year deadline in April 2025.
Sectors
- Financial Services
- Venture Capital
- Technology
Geography
- United Kingdom – The article focuses on UK-based activities with the involvement of London-headquartered companies Fuel Ventures and Hargreaves Lansdown.
Industry
- Financial Services – The article centers around investment opportunities, specifically Venture Capital Trusts (VCTs), within the financial services sector.
- Venture Capital – Fuel Ventures' launch of a Venture Capital Trust and its involvement in early-stage investments exemplifies the venture capital industry.
- Technology – The fund has invested in technology-driven solutions like Hotel Manager and FundPath, indicating significant activity within the tech industry.
Financials
- £10.2 million – The initial fundraise by Fuel Ventures for its Venture Capital Trust (VCT).
- 5.24 billion – The market capitalization of Hargreaves Lansdown listed on the London Stock Exchange.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fuel Ventures | Venture Capital Firm | Company | Fuel Ventures is an early-stage investment firm responsible for launching a VCT and partnering with Hargreaves Lansdown. |
| Hargreaves Lansdown | Online Investment Service Provider | Company | A UK-based provider of a platform for investing in Venture Capital Trusts, listed on the London Stock Exchange. |
| Stan Williams | Partner at Fuel Ventures | Person | A partner at Fuel Ventures, involved in launching the VCT on Hargreaves Lansdown’s platform. |
| Hotel Manager | Portfolio Company | Company | A hospitality tech platform included in Fuel Ventures' investment portfolio. |
| SearchLand | Portfolio Company | Company | A property and land analytics solution included in Fuel Ventures' investment portfolio. |
| FundPath | Portfolio Company | Company | An advanced platform revolutionizing fund distribution networks, included in Fuel Ventures' investment portfolio. |