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,...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap