Triple Point targets early stage start-ups locked out of the Future Fund

By Daniel Lanyon on Friday 5 June 2020

Alternative LendingDigital BankingSavings and Investment

Commitments will be between £100-£150k in businesses with pre-money valuations of between £1m-£1.5m.

Triple Point targets early stage start-ups locked out of the Future Fund
Image source: Photo by Andrea Piacquadio from Pexels

Triple Point has launched a new venture capital funding line of between £100-£150k for early stage start ups. 

The firm, which says it aims to provide investment decisions within 10 days, is targeting very early stage businesses that have yet to raise funding. It will invest in companies with pre-money valuations of between £1m-£1.5m. It says it will then sign terms within 14 days and deploy capital within 21 days. 

Whilst support in the form of loans for SMEs has been generous, for young smaller companies strapped of cash, the UK government's Future Fund is not an option as to qualify for investment businesses need to have raised at least £250,000 in private investment in the last five years.

Ian McLennan, Partner at Triple Point, says high growth companies will be critical in driving the UK’s economic recovery.

“Now is an opportune moment for investors to support compelling new investment opportunities, ensuring the best new start-ups have access to the vital early stage funding they need. Ensuring those start-ups have access to the funding they need is fundamental to them playing a full role in our economic and business revival.”  

Founded in 2004, Triple Point manages over £1.5bn of private, institutional and public capital. The specialist teams invest across four themes – property, debt, infrastructure and venture capital

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