Octopus Investments will not be undertaking any further fundraising for its EIS product range, as it aims to focus on growing assets across its VCT offering instead.
The company will also stop accepting new applications for its Octopus Eureka EIS product after 13 May. The decision comes after the group raised a record-breaking £100m for its Octopus Titan VCT. The growth in demand for VCT products has been prevalent since investors began searching for complementary options for retirement planning, following pension freedoms. Furthermore, recent changes in legislation have meant the government is focusing future EIS investment into smaller, earlier stage entrepreneurial companies. With about 7,000 investors and more than £500m in its EIS vehic...
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