Nesta Investment Management, a subsidiary of innovation foundation Nesta, has launched a £25m impact investment fund, holding a first close on £17.5m.
Nesta will back companies seeking to address social challenges, primarily in the UK but with the potential to expand internationally, the VC told unquote". The fund has an eight-year investment period,...
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple