€200M Accelerator Fund Launched in Dublin
Dublin, 4 October 2016: Launched in Dublin by BlackBee Investments, the €200 million global Accelerator Note 1 fund provided unprecedented access to invest into over 700 cutting edge technology companies from around the world.
“Traditionally venture capital is provided by large institutional funds. However, the Accelerator Note 1 enables individuals and Irish investors to get involved in this exciting and dynamic sector. We are committed to providing the best and most innovative investment ideas to investors and we are delighted to be working with one of the world’s leading venture capital firms, SOSV in this regard.”
David O’Shea, CEO BlackBee Investments.
BlackBee Investments delivered their expertise and experience in fund management with the Accelerator Note 1 and provided investors with an opportunity for a 6-year regulated investment listed on a European exchange.
With offices in the USA, Europe and Asia, SOSV has access to startups all over the world, and bring their unique mentoring approach to startups in which they invest. The partners at SOSV committed $100m of their own capital in the fund. Targeting world-changing companies, the fund was to back entrepreneurs who are revolutionising everything from the Internet of things (IOT) to life-saving medicine and new sources of nutrition for the world.
Accelerator Note 1
The Fund Manager
SOSV is a US-based venture capital fund which provides funding to early-stage start-up companies. SOSV primarily deploys funding via accelerators programs which it operates in Europe, Asia and the Unites States. To date, SOSV has deployed over $250 million across 500 companies.
SOSV III was the Fund to which investors were provided exposure. SOSV III was a targeted $200 million fund closing for subscription in December 2016.
The Accelerator Note 1 was a note based investment that provided for participation in the Fund.
• Structured Exposure to Venture Capital
• Target 6 Year Investment Term
• Globally recognised Fund Manager
Structured to provide optimal exposure and tax efficiency the Accelerator Note 1 closed December 2016.
If you wish to receive more information on future products like the ‘Accelerator Note 1’ including brochures, application forms and any further details. Please contact your financial adviser or email firstname.lastname@example.org for further details.
Press and Media Coverage
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