Pembroke VCT
Pembroke VCT is a UK-listed Venture Capital Trust (LSE: PEMB) managing a £286m portfolio of 45 growth-stage companies in consumer, business services, and technology, raised from UK individual investors and IFAs via tax-efficient VCT share offerings.
- Company typePublic
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Pembroke VCT does
Pembroke VCT plc is a UK-listed Venture Capital Trust (LSE ticker: PEMB) established in 2013 and managed by Pembroke Investment Managers LLP, a limited liability partnership. The fund invests in growth-stage UK companies at the £1m-£10m revenue stage, targeting exceptional founders with disruptive business models across consumer, business services, and technology sectors. As of 31 March 2026, the fund held approximately £286m in assets across a portfolio of 45 companies, with a quarter of portfolio companies valued above £50m EV and five above £100m.
The fund raises capital through primary issues of B ordinary shares admitted to the London Stock Exchange Official List, with a 2025/26 offer for subscription raising up to £60m (fully subscribed). Investors receive UK VCT tax benefits: up to 20% income tax relief on new shares, tax-free dividends, and tax-free capital gains on 5+ year holdings. The manager targets a 5p per share annual dividend (raised from 3p in 2022) with additional dividends paid from exit proceeds. Demonstrated exits include ME+EM (16x return), Secret Food Tours (5.3x), and Plenish (2.3x).
Pembroke VCT differentiates itself through an entrepreneur-focused investment team that provides board-level operational support to portfolio founders, and a 'patient capital' model with no mandated exit horizon. The operationally lean manager (~20 named professionals) leverages the institutional resources of Oakley Capital Group (€13.5bn AUM, 170+ professionals) for compliance, governance, HR, legal, and IT services. Recent investment activity has been concentrated in AI-enabled companies (Kaizan, Bolt Insight, Mindset AI, PEAK:AIO, Exeros, Serve First) alongside selective consumer and fintech opportunities (CybaVerse, Ryft, TALA, Bloobloom, My Expert Midwife).
Pembroke VCT firmographics
Firmographics- Name
- Pembroke VCT
- Legal name
- Pembroke VCT Plc
- Website
- https://pembrokevct.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Pembroke VCT is a UK-listed Venture Capital Trust (LSE: PEMB) managing a £286m portfolio of 45 growth-stage companies in consumer, business services, and technology, raised from UK individual investors and IFAs via tax-efficient VCT share offerings.
- Ownership category
- akta.pro rank
Pembroke VCT industry classification
Industry- Product category
- Venture Capital Trust (Growth-Stage Investment Management)
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Secondary Venture Funds (VC Secondaries) (FSANAAAK)
Keywords
Where Pembroke VCT is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Pembroke VCT business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Returns (Capital Gains & Dividends): Pembroke VCT generates returns for shareholders through capital appreciation of its portfolio company investments and realisations, supplemented by tax-free dividends paid to shareholders. Dividends are funded by portfolio exit proceeds and recurring distributions. Tax-free dividends are a core benefit of VCT structure.
- Management Fees: Managed by Pembroke Investment Managers LLP, which earns a management fee from the VCT fund. Specific fee rates are not publicly disclosed in the source materials.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Target annual dividend of 5.0p per share (increased from 3.0p in 2022). Additional dividends paid from exit proceeds. |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Pembroke VCT product offering
Product offeringCore offering
Pembroke VCT plc is a UK-listed Venture Capital Trust that raises capital from individual UK investors and advisers and invests it in growth-stage companies in the consumer, business services, and technology sectors. Investors access the fund via B Ordinary Shares traded on the London Stock Exchange or through periodic offers for subscription, benefiting from VCT tax reliefs (up to 20% income tax relief, tax-free dividends, and tax-free capital gains after five years). The fund is managed by Pembroke Investment Managers LLP and draws operational support from Oakley Capital Group.
Product overview
Pembroke VCT is a Venture Capital Trust offering tax-efficient investment products for UK investors. The firm manages a c.£286m fund with a portfolio of 45 growth-stage companies across consumer, technology, and business services sectors. Key portfolio companies include Kaizan (AI client management), Bolt Insight (AI consumer research), Exeros (AI fleet monitoring), Serve First (AI customer experience), and CybaVerse (AI cybersecurity). The investment products include B Ordinary Shares with income tax relief, tax-free dividends, and tax-free capital gains.
Differentiator
Problem solved
Functional benefit
Products and services
- Pembroke VCT B Ordinary Shares
- Growth-Stage Portfolio Investment Management
Quantifiable outcome
- 16x return on ME+EM exit; 5.3x on Secret Food Tours partial exit; 2.3x on Plenish exit.
- +2 more outcomes
Companies that use Pembroke VCT
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Pembroke VCT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pembroke VCT partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Oakley Capital GroupcorePembroke draws on the resources of Oakley Capital Group, an asset manager with over €13.5bn in AUM and a combined team of 170+ professionals. Oakley provides high-class resources across compliance, governance, HR, legal, and IT, enabling Pembroke to operate as a lean, independent investment team while benefiting from institutional-grade support.
- The City Partnership (UK) LtdcoreThe City Partnership acts as share registrar for Pembroke VCT, managing shareholder records, transactions, share certificate details, and dividend information. Shareholders contact City for queries about their holdings at [email protected] or +44 (0)1484 240 910.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Pembroke VCT competitors and assessment
Company assessmentDirect peers
- Maven Capital Partners: Maven manages multiple UK VCTs (Maven Income and Growth VCT, Maven Capital VCT) investing in regional UK growth-stage SMEs. Directly comparable VCT mandate with overlapping consumer/business services investing.
- Downing LLP (Downing VCTs): Downing runs AIM-focused VCTs and development capital trusts targeting UK smaller companies. Comparable tax-wrapper VCT structure, UK growth-stage mandate, and retail investor distribution.
- Octopus Investments (Octopus VCTs): Octopus operates one of the largest UK VCT franchises with multiple VCTs (including Octopus Apollo VCT) targeting growth-stage UK companies. Directly comparable VCT structure, retail UK investor base, and growth-stage focus.
- ProVen VCT: ProVen Growth & Income VCT is a UK VCT managed by Beringea, investing in UK growth-stage companies. Comparable VCT structure, UK growth-stage mandate, and AIM-quoted listing.
- Canaccord Wealth (Hargreave Hale AIM VCT): Canaccord continues to manage the Hargreave Hale AIM VCT, a UK VCT investing in growth-stage quoted smaller companies. Directly comparable VCT structure with UK growth-stage focus.
- NVM Private Equity (Northern Venture Trust): NVM operates Northern Venture Trust and similar VCTs targeting UK regional growth-stage companies. Comparable VCT structure with a UK SME growth mandate.
- Albion Capital (Albion VCTs): Albion runs a VCT platform investing in UK smaller and growth-stage companies across technology and consumer. Closely comparable VCT structure, UK growth-stage mandate, and AIM/LSE-listed retail investor vehicle.
- Chrysalis VCT: Chrysalis (formerly Acorn) is a UK VCT investing in smaller quoted and unquoted growth companies. Directly comparable VCT structure with UK growth-stage orientation.
- Foresight Group (Foresight VCT): Foresight operates a UK VCT alongside broader regional VC and infrastructure funds. Comparable VCT structure targeting UK growth-stage companies, with an institutional asset manager parent.
- British Smaller Companies VCTs: BSC manages a UK VCT franchise focused on smaller growth-stage companies in technology and consumer. Closely comparable VCT structure and growth-stage co-investment profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pembroke VCT social profiles
Digital presencePembroke VCT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pembroke VCT leadership team
Management profileNumber of profiles
Profiles29 records
Pembroke VCT funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pembroke VCT M&A and investment
M&A and investmentM&A
Investments73 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pembroke VCT
What does Pembroke VCT do?
Pembroke VCT plc is a UK-listed Venture Capital Trust that raises capital from individual UK investors and advisers and invests it in growth-stage companies in the consumer, business services, and technology sectors. Investors access the fund via B Ordinary Shares traded on the London Stock Exchange or through periodic offers for subscription, benefiting from VCT tax reliefs (up to 20% income tax relief, tax-free dividends, and tax-free capital gains after five years). The fund is managed by Pembroke Investment Managers LLP and draws operational support from Oakley Capital Group.
Is Pembroke VCT a public or private company?
Pembroke VCT is a public company. It is classified as public and is currently operating.
When was Pembroke VCT founded?
Pembroke VCT was founded in 2013. It employs 101 to 250 people.
Where is Pembroke VCT based?
Pembroke VCT is headquartered in London, United Kingdom, in the Europe region.
How does Pembroke VCT make money?
Two revenue lines are on record. Investment Returns (Capital Gains & Dividends) is the primary driver. The others are management Fees.
Who are Pembroke VCT's main competitors?
Direct peers on record are Maven Capital Partners, Downing LLP (Downing VCTs), Octopus Investments (Octopus VCTs), ProVen VCT, Canaccord Wealth (Hargreave Hale AIM VCT), NVM Private Equity (Northern Venture Trust), Albion Capital (Albion VCTs), Chrysalis VCT, Foresight Group (Foresight VCT) and British Smaller Companies VCTs.
Does Pembroke VCT have an API?
No public API is recorded for Pembroke VCT.
What industry is Pembroke VCT in?
Pembroke VCT's product category is Venture Capital Trust (Growth-Stage Investment Management). Its primary akta.pro industry code is FSANAAAK, Secondary Venture Funds (VC Secondaries). Its NAICS code is 52394 and its SIC code is 6282.