Curated News
By: NewsRamp Editorial Staff
May 13, 2024
NetScientific CEO Announces Strategic Transaction with Martlet Capital
TLDR
- NetScientific PLC expands its assets under management by nearly doubling them, gaining a competitive advantage in the venture capital market.
- The transaction involves NetScientific company EMV Capital becoming the investment advisor to Martlet Capital's portfolio of 53 investments and acquiring its operational venture capital business.
- The deal between NetScientific and Martlet Capital aims to create long-term relationships and commit to the deep tech and life sciences sectors, making a positive impact on the industry.
- NetScientific CEO Dr. Ilian Iliev outlines the strategic goal to become a leading deep tech and life sciences venture capital investor in the UK and Europe, emphasizing proactive value creation and upcoming initiatives.
Impact - Why it Matters
The partnership between NetScientific and Martlet Capital marks a significant milestone in the venture capital space, with the potential to drive innovation and growth in the UK's deep tech and life sciences sectors. The expanded assets under management and new initiatives will create opportunities for early-stage companies and growth prospects in the Cambridge cluster, ultimately contributing to the advancement of cutting-edge technologies and solutions.
Summary
NetScientific PLC (AIM:NSCI) CEO Dr Ilian Iliev announces a transaction where NetScientific company EMV Capital becomes the investment advisor to Martlet Capital's portfolio of 53 investments and acquires its operational venture capital business. This strategic move aligns with NetScientific's goal to become a leading deep tech and life sciences venture capital investor in the UK and Europe, with a focus on proactive value creation and capital-light approaches. The deal significantly expands NetScientific's assets under management and includes the acquisition of Martlet Capital's operational team, forming a new entity under NetScientific.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, NetScientific CEO Announces Strategic Transaction with Martlet Capital
