ProVen VCT
ProVen VCT plc is a UK-listed Venture Capital Trust and companion VCT vehicles, managed by Beringea LLP, providing over 10,000 retail investors tax-efficient access to a diversified portfolio of approximately 50 UK growth companies.
- Company typePublic
- Founded2000
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2C
- OfferingServices
What ProVen VCT does
ProVen VCT plc is a UK-listed Venture Capital Trust that operates as a tax-efficient investment vehicle for retail investors seeking exposure to early-stage UK growth companies. The platform centres on two listed VCTs, ProVen VCT plc and ProVen Growth and Income VCT plc, both managed by Beringea LLP (FCA-authorised, FRN 496358), which together manage approximately £326.3 million of combined net assets across roughly 50 portfolio companies on behalf of more than 10,000 retail investors. Investors receive UK income tax relief on subscriptions and tax-free dividends, and can opt into a Dividend Reinvestment Scheme (DRIS) to compound holdings.
ProVen VCT firmographics
Firmographics- Name
- ProVen VCT
- Legal name
- ProVen VCT plc
- Website
- https://provenvcts.co.uk
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ProVen VCT plc is a UK-listed Venture Capital Trust and companion VCT vehicles, managed by Beringea LLP, providing over 10,000 retail investors tax-efficient access to a diversified portfolio of approximately 50 UK growth companies.
- Ownership category
- akta.pro rank
ProVen VCT industry classification
Industry- Product category
- Venture Capital Trust
- NAICS
- Other Financial Vehicles (525990), Other Investment Pools and Funds (5259)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)
Keywords
Where ProVen VCT is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
ProVen VCT business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Management Fee Income: Beringea LLP serves as the investment manager and receives management fees for administering the ProVen VCTs. These fees are typically structured as a percentage of net assets under management, providing a recurring revenue stream as the VCT's NAV grows.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | NAV-based share pricing for subscription offers |
| Other | Pay-as-you-go | Dividend Reinvestment Scheme (DRIS) pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
ProVen VCT product offering
Product offeringCore offering
ProVen VCT is a UK Venture Capital Trust that invests shareholders' funds into a diversified portfolio of growth-stage and early-stage UK private companies. Investors subscribe for VCT shares and receive tax-efficient returns through 20% upfront income tax relief, tax-free dividends, and tax-free capital gains, alongside exposure to a professionally selected venture capital portfolio managed by Beringea LLP.
Product overview
ProVen VCT operates as a dual-vehicle investment platform comprising two Venture Capital Trusts—ProVen VCT and ProVen Growth and Income VCT—both managed by Beringea LLP. These VCTs function as the core investment products, offering retail investors access to early-stage UK SMEs with 30% income tax relief and tax-free dividends. The platform is complemented by the ProVen EPS (Estate Planning Service), which extends the offering into inheritance tax planning with a focus on SME and solar investments. The combined platform manages over £300 million across more than 10,000 retail investors and approximately 50 portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- ProVen VCT A UK-listed Venture Capital Trust that provides retail investors with tax-efficient exposure to a diversified portfolio of approximately 50 UK growth and early-stage private companies, offering 20% upfront income tax relief on subscriptions, tax-free dividends, and tax-free capital gains.
- ProVen Estate Planning Service (EPS) A complementary estate planning wrapper designed to enable UK investors to hold ProVen VCT shares within structures intended to support inheritance tax planning objectives.
Companies that use ProVen VCT
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
ProVen VCT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ProVen VCT partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ProVen Growth and Income VCT plccoreProVen VCT plc and ProVen Growth and Income VCT plc conduct joint offers for subscription, publishing combined prospectuses and extending their offers together. Both VCTs are managed by Beringea LLP and share a common investment strategy, with the November 2025 offer seeking up to £40 million combined across both vehicles. The joint offering provides investors with options across both VCTs and allows for coordinated capital raising and portfolio management.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
ProVen VCT competitors and assessment
Company assessmentDirect peers
- Octopus Apollo VCT: Octopus Apollo VCT is a UK-listed Venture Capital Trust offering retail investors tax-efficient exposure to a diversified portfolio of growth-stage UK companies. Like ProVen VCT, it is structured around the VCT wrapper, distributes through financial advisers, and pursues UK growth equity exposure — making it the closest direct competitor for adviser recommendations.
- Foresight VCT: Foresight VCT is a UK-listed Venture Capital Trust investing in early-stage UK SMEs, run by Foresight Group. Both ProVen and Foresight compete for the same adviser-driven retail capital, leverage the VCT tax wrapper, and pursue UK growth equity strategies with similar holding-period and exit dynamics.
- Albion Technology & General VCT: Albion Technology & General VCT is one of the oldest UK-listed Venture Capital Trusts, also investing in UK growth companies through a tax-efficient wrapper. ProVen and Albion compete directly for the same pool of UK retail investors seeking VCT-qualifying opportunities.
- British Smaller Companies VCT: British Smaller Companies VCT is a UK-listed Venture Capital Trust focused on smaller UK companies. Like ProVen, it provides retail investors tax-efficient exposure to a diversified UK SME portfolio, is LSE-listed, and competes in the same adviser distribution channel.
- Octopus Titan VCT: Octopus Titan VCT is another UK-listed VCT managed by Octopus Investments, providing tax-efficient access to early-stage UK companies. It is a direct competitor to ProVen VCT in the primary capital raising windows and adviser recommendations.
- Maven Income and Growth VCT: Maven Income and Growth VCT is a UK-listed VCT investing in UK SMEs, managed by Maven Capital Partners. It competes with ProVen in the same VCT wrapper category, distributes through UK financial advisers, and targets similar tax-efficient retail outcomes.
- Northern Venture Trust: Northern Venture Trust is a UK-listed Venture Capital Trust investing in growth-stage companies, providing tax-efficient income and capital growth to UK investors. It is one of the longest-running VCTs and a direct competitor to ProVen for retail and adviser VCT allocations.
- Puma VCT: Puma VCT is a UK-listed Venture Capital Trust operated by Puma Equity Management, focused on UK growth investments through the VCT wrapper. It competes directly with ProVen VCT for adviser recommendations and retail capital.
- Baronsmead VCT: Baronsmead VCT is a UK-listed Venture Capital Trust investing in UK smaller and growth companies, managed by Albion Capital. It competes with ProVen VCT in the same retail adviser-driven tax-efficient segment.
Others
- Beringea LLP (Private Equity Manager): Beringea LLP is the FCA-regulated private equity and venture capital manager that manages ProVen VCT and the wider ProVen platform. While not a listed VCT peer, it is the operating manager and infrastructure underlying ProVen's investment capabilities and is therefore a closely related ecosystem participant.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ProVen VCT social profiles
Digital presenceProVen VCT compliance and trust
Trust signalCompliance1 record
ProVen VCT financial estimates
Financial estimateRevenue estimate
Valuation estimate
ProVen VCT leadership team
Management profileNumber of profiles
Profiles1 record
ProVen VCT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ProVen VCT M&A and investment
M&A and investmentM&A
Investments21 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ProVen VCT
What does ProVen VCT do?
ProVen VCT is a UK Venture Capital Trust that invests shareholders' funds into a diversified portfolio of growth-stage and early-stage UK private companies. Investors subscribe for VCT shares and receive tax-efficient returns through 20% upfront income tax relief, tax-free dividends, and tax-free capital gains, alongside exposure to a professionally selected venture capital portfolio managed by Beringea LLP.
Is ProVen VCT a public or private company?
ProVen VCT is a public company. It is classified as public and is currently operating.
When was ProVen VCT founded?
ProVen VCT was founded in 2000. It employs 11 to 50 people.
Where is ProVen VCT based?
ProVen VCT is headquartered in London, United Kingdom, in the Europe region.
How does ProVen VCT make money?
One revenue line is on record: management Fee Income.
Who are ProVen VCT's main competitors?
Direct peers on record are Octopus Apollo VCT, Foresight VCT, Albion Technology & General VCT, British Smaller Companies VCT, Octopus Titan VCT, Maven Income and Growth VCT, Northern Venture Trust, Puma VCT and Baronsmead VCT. Beringea LLP (Private Equity Manager) is listed as an others.
Does ProVen VCT have an API?
No public API is recorded for ProVen VCT.
What industry is ProVen VCT in?
ProVen VCT's product category is Venture Capital Trust. Its primary akta.pro industry code is FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 525990 and its SIC code is 6799.