Pembroke VCT, the venture capital trust backing some of the UK’s most dynamic growth businesses, today announced the launch of a new share offer to raise up to £40 million, with the potential to increase by a further £20 million through an over-allotment facility.
This latest fundraise follows last year’s record-breaking £51 million raise, underscoring sustained investor appetite and confidence in Pembroke’s strategy of supporting exceptional entrepreneurs.
New investors will gain immediate exposure to a maturing portfolio of high-growth businesses, supported by a well-established, dividend-paying VCT. The VCT targets an annual dividend of 5.0 pence per share, and further dividends may also be paid where significant realisations occur from the sale of portfolio assets.
Founded in 2013, Pembroke VCT offers investors access to some of Britain’s most exciting and entrepreneurial companies. With over £250 million in assets under management (as at 30 June 2025), the VCT holds a
carefully balanced portfolio of 45+ growth-stage companies across three resilient sectors: technology, business services, and consumer.
Current portfolio highlights include:
- LYMA – a category-defining wellness and skin technology brand.
- Seatfrog – a mobile app transforming rail travel with real-time upgrade bidding.
- HotelMap – the market leader in event-linked hotel bookings.
- Secret Food Tours – a global provider of curated culinary experiences.
Pembroke continues to deploy capital into both new and follow-on investments from our successful fundraises, while also delivering returns to shareholders through dividends and buybacks, including cash received from realisations. In May 2025, the VCT paid a 2p dividend, supported by the successful partial exit from Secret Food Tours, which achieved a 5.3x realised return.
Andrew Wolfson, CEO of Pembroke Investment Managers LLP, commented:
“We are delighted to be launching this year’s fundraise on the back of strong momentum throughout 2024 and 2025. The continued support from both new and existing investors, as well as our network of financial advisers, reflects confidence in our ability to identify ambitious businesses and help them scale successfully.
This fundraise gives us the opportunity to continue partnering with exceptional entrepreneurs, while giving our investors the opportunity to share in their growth and success.”
