Bloc Ventures - Expert-led play on early-stage deep tech
Bloc Ventures is a London-based venture capital (VC) company that has built its reputation in UK and European deep tech, focusing primarily on cloud, data, connectivity and security for telecoms and computing applications. Bloc has built a portfolio of 11 investee companies, aiming for two to four new balance sheet investments a year from 2021. It delivered a 59% NAV/share gain in FY20 and is targeting a 20%+ IRR over the long term. Since we initiated in September, Bloc has exited two portfolio companies at a premium to holding value: Marmalade (a games developer, sold to LDC for a 4.8x cash return, with Bloc retaining a residual equity stake) and EVRYTHNG (an IoT data and real-time insights platform, sold to Digimarc for US$50m in equity upfront, together with a performance-based earnout). Following a likely funding round in the next 12 months, Bloc’s later-stage funding options may include an IPO in 2023.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.