Venture capital service will target IFAs

Intermediaries are to be targeted with a service allowing them to build up bespoke venture capital portfolios for clients starting from £1,000 per investment, writes Fiona Henderson. The service, run by Direct Public Offerings (DPO), is looking to offer a series of investment opportunities, in businesses with EIS status, over the internet. This gives retail investors the chance to buy into unquoted companies with tax breaks before they go to an initial public offering, while giving the businesses themselves the opportunity to raise money without having to go to venture capitalists. Among...