"Quantexa is the current darling of the VCT industry. Back in March the firm was valued at $2.6 billion in a funding round that raised $175 million from blue chip global investors including the venture arm of the Ontario Techers' Pension Plan. It's most recent set of results, covering the year to March 2024, show revenues rising 31.4% to £76.1 million. It's one of the VCT sector's great success stories."
"Having first invested in the company way back in 2017, and despite already having sold some of its stake, the Albion VCTs now have a combined position valued at £126.3 million or around 13.4x cost. That's equivalent to 17.6% of the portfolio. It's a big bet, and means, in the short term at least, Quantexa's performance will play a large part in determining the success or failure of the VCTs as a whole."
Albion VCTs have launched an offer for up to £60 million with a £30 million overallotment option. The VCTs hold £715 million of net assets and a portfolio of around 85 companies. Investment approach is generalist, with concentration in fintech, software, deeptech and healthcare. Recent exits include the sale of email security group Egress for 7x cost, generating realizations while leaving the portfolio concentrated. The VCTs now hold a combined Quantexa position valued at £126.3 million (about 13.4x cost), representing 17.6% of the portfolio. Quantexa was valued at $2.6 billion in March and reported revenues up 31.4% to £76.1 million for the year to March 2024. The VCTs delivered an average five‑year NAV total return of 36.4% to September 2025 and target an annual dividend equal to 5% of NAV.
Read at London Business News | Londonlovesbusiness.com
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