Latest Octopus Ventures Fund Appoints Guernsey's IAG As Administrator

The Guernsey office of International Administration Group (IAG) has been appointed to provide fund administration services to the recently launched Octopus Zenith Opportunities Fund II (Octopus Opportunities fund).

Aimed at providing growth capital to successful fast-growing later-stage companies across Europe, the US$140 million fund has been launched by Octopus Ventures, part of the Octopus Group. The fund is dedicated to follow on investments into existing companies within the Octopus portfolio, as well as having the opportunity to back later-stage high growth businesses new to Octopus. The institutional-only fund is now closed to new money.

The Octopus Opportunities fund will see Octopus invest between £250,000 and £25 million into Europe's most talented entrepreneurs, enabling the team to back businesses from inception through to the later stages of development.