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A deep-tech focus with Foresight’s Technology VCT

by | Feb 8, 2024

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The Foresight Technology VCT is a unique collaboration between Foresight Group and WAE Technologies, bringing together global engineering expertise and a multi award-winning private equity team. The concept behind the collaboration is that by working together, these complimentary skillsets can provide a sustainable, competitive advantage when sourcing investment opportunities, carrying out due diligence, and working with portfolio companies to maximise growth potential. This should ultimately lead to more successful exits at higher multiples. 

The fund has an early stage, deep-tech focus, investing in technologies seeking to address challenges in large, valuable markets, including: green energy, battery systems and storage, robotics, aerodynamics and thermodynamics, composite materials, aerospace and super-computing.

Foresight Group is a FTSE 250 listed, infrastructure and SME investment manager, with over £12bn in assets under management. 

Previsico, a portfolio company in Foresight Technology VCT, was first invested into by Foresight Group in August 2021.

As climate change makes severe weather occurrences more common, there is an increased need for accurate predictions of flooding events in the UK and beyond. Previsico’s system, FloodMap Live, combines data with proprietary algorithms to produce automated alerts, highlighting areas liable to flooding and provides a street level visualisation tool. This allows clients to more accurately predict the potential for damage and prevent the level of losses previously seen.

Funding will enable further product development, team expansion and support sales growth.

Find out more about Foresight VCTs here

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