Venture capital

3i’s venture capital business is focused on the healthcare, software, communications and electronics, semiconductors and advanced technologies ("ESAT") sectors.

“We have achieved a significant turnaround in financial performance. As technology markets continue to improve, the priority now is to grow the value of our portfolio and add new high potential businesses to it.”

Rod Perry
Head of Venture capital
Portfolio value
£533m 12%
Five investments from the year


Company

Business description

Country		 Amount
invested
£m*
Microsulis Medical devices UK 13.6
MobiApps Wireless tracking and monitoring devices Singapore 1.9
Pedestal Software Software vendor US 2.2
UbiNetics Wireless telecommunications UK 11.0
Vonage Broadband telephony US 6.5


Financial highlights (£m) year to 31 March 2004

Financial highlights for year to 31 March 2004, Total return £(35)m, Investment (including funds) £174m, Realisation proceeds £120m, Realised profits £35m, Unrealised value movement £(42)m.
*Including funds
Cambridge Silicon Radio > Vonage >