Ventures

Herald Investment Management Limited manages two venture capital funds investing in unquoted companies in the technology, communications and media sectors

Herald Investment Management Limited manages two venture capital funds investing in unquoted companies in the technology, communications and media sectors (specifically excluding biotechnology and pharmaceuticals):

  • Herald Ventures I – raised in September 1999, this £20.25m fund is fully invested in 20 companies across the TMT sectors. Initial investments were between £250,000 and £1.5m. The fund made its last investment in 2004. As of 31 August 2011 (date of the last audited accounts) the fund has generated an IRR of 3.6%; a return that exceeds the BVCA Venture Fund Vintage and the FTSE All Share return for the period. The fund has been extended until 2022.
  • Herald Ventures II – a final close was held in June 2005 for £30.5m. The fund makes investments of between £250,000 and £3m, with the potential for further follow-on funding, in companies in the TMT sectors.

Both funds invest only in the UK, and normally only for new capital rather than to buy out existing shareholders. They are prepared to lead or follow in an investment syndicate, or act as sole investor. Herald Ventures will generally take a minority stake in its investee companies, and will normally seek board representation and other terms typical of a venture capital investment.

Herald Ventures intends to use a pro-active approach to the exit strategy, using both trade sales and the public markets to realise its investments. In particular, it is expected that industry contacts made by the existing team at HIML, the manager of Herald Ventures, will be utilised to aid in the exit. This will ensure that realisation opportunities are not limited to the UK, but can be effected on a global basis.

How to invest

The funds are closed to new investors

Contacts

Herald Ventures is looking for early stage companies with high growth potential, requiring development capital. Typical investments will be between £250,000 and £3 million, although for larger financings Herald can introduce other suitable investors. Herald will, if required, provide valuable ongoing management input to assist in the long-term growth of the company, usually taking Board representation.

For further information, please contact:

Taymour Ezzat

Telephone     020 7553 6300
Email             info@heralduk.com
Fax                 020 7490 8026

For general enquiries, please telephone 020 7553 6300.

Please send business plans and investment proposals to;

Herald Investment Management Ltd
10-11 Charterhouse Square
London
EC1M 6EE
+44 207 553 6300
info@heralduk.com


Herald

Welcome to the website for Herald Investment Management Limited (HIML). These pages provide a brief introduction to HIML and details of the funds it manages, currently Herald Investment Trust Plc, the Herald Worldwide Fund and two venture capital limited partnerships.

These pages are regularly updated to include up-to-date financial and performance data, but please feel free to contact us with comments, or to request further information. It is important that you read the notices below before proceeding, as they explain certain legal and regulatory restrictions which apply to the information contained in this website.

The information provided in this website is solely for use by individuals who are resident in the United Kingdom and who are subject to UK tax; it is not intended as, and should not be regarded as, an offer or solicitation to sell investments in any jurisdiction other than the UK. Individuals who are not resident in the UK should not continue as it may be contrary to local laws or regulations for them to receive information in connection with, or to apply for, a UK investment. In particular, Herald Investment Trust Plc shares are not registered under United States securities law and, subject to limited exceptions, may not be offered, sold, transferred or delivered in the United States or to US persons. By proceeding, you are representing and warranting that you are not resident in, or a citizen of, a jurisdiction outside the UK.

Stock market and currency movements may cause the capital value of shares and the income derived from them to go down as well as up, and investors may get back less than they invested. Past performance is not necessarily a guide to future performance. The value of any tax relief you may be entitled to will depend on your individual circumstances. Current tax rates and reliefs may be changed by future legislation.

This website has been approved for purposes of UK regulation by Herald Investment Management Ltd which is authorised and regulated by the Financial Conduct Authority.

Although we have taken reasonable care to ensure that the facts contained in these pages are accurate, no representation or warranty, express or implied, is made as to their accuracy or completeness. The contents of the website are not to be considered as investment advice.

The information on this website is not for distribution outside the UK. Under no circumstances should this information, or any part of it be copied, reproduced or redistributed. No rights of any kind are licensed or assigned or shall otherwise pass to persons accessing this information.

If you are in any doubt about any of the information contained on this website please consult your stockbroker, solicitor, accountant or other professional adviser.

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