The UK Challenger Fund closed a £60,000 investment in VN H- Power Generations Third Round Raise valuing the company at £10.3m.
Jasper Smith of General Investment Partners the Funds mentors said:
“The UK Challenger Fund is designed to identify early stage, growth ventures run by skilled entrepreneurs who have the potential to build great businesses. We’re not sector focused, but invest across a range of industries as we think this approach plays to our strengths and allows us to offer our investors the most diversified portfolio.
Our founders have given blood, sweat and tears creating, scaling and exiting their own businesses across multiple sectors and industries. UK Challenger Fund was conceived and is distributed by General Investment Partners an innovative private venture company that operates a series of award winning funds.
As investors we have provided £10m of personal capital, raised £50m+ for our companies and helped create exits generating over a billion pounds of value and are very excited about working with VN – H Power Generation Ltd to deliver the first commercial Hydrogen Generator to be driven by waste energy.