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Venture Capital
pentech.vc

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Investments

77

Portfolio Exits

20

Funds

4

About Pentech

Pentech Ventures is an active UK early-stage software investor. Now on its third fund (£90m), the firm is looking to invest in the most ambitious ML/AI globally disruptive opportunities coming out of the UK. With thematic interests spanning Fintech, Regtech to infrastructure to the digital disruption of Bio, and with all partners having operation backgrounds, the firm has expertise in helping founders navigate the challenges of scaling. Pentech Ventures has a strong track-record of working with startups and helping them scale to 100s of people and getting to successful exits. Example portfolio companies include: Nutmeg; Fanduel; Acunu; TravelNest.

Pentech Headquarter Location

112 George Street

Edinburgh, Scotland, EH2 4LH,

United Kingdom

+44 203 128 7473

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Latest Pentech News

Cello makes statement of intent, acquires Wellington-based Pentech

Mar 31, 2022

Cello makes statement of intent, acquires Wellington-based Pentech Cello makes statement of intent, acquires Wellington-based Pentech Effective 1 April, all Pentech staff and customers will join the Cello team. Credit: Cello Cello has kicked expansion plans into overdrive with the acquisition of Pentech Communications, taking control of the Wellington-based network specialist to bolster consultancy and services capabilities. Effective 1 April, Reseller News can exclusively reveal that all Pentech staff and customers will join the Cello team with the combined entity taking up residence at new offices on Tory Street in Wellington. Founded in 2007, Pentech goes to market with deep levels of networking expertise, specialising in the delivery of connectivity and communications solutions spanning infrastructure, security and unified communications. “As Cello’s first acquisition, I couldn’t be happier with the fit,” said Mark Jurgeleit, CEO of Cello. “Pentech has a proud record in Wellington, and our team has worked with the team on several mutual customers for a number of years. This adds a consultancy and professional services element that has long been earmarked as a potential area for growth in our business.” As part of the transaction, Ty Kahu will depart as CEO and managing director of Pentech. “I’m delighted we are able to secure the long-term future of Pentech, and its staff and customers, through this opportunity with Cello,” Kahu added. “The businesses are philosophically aligned and I believe the Pentech team will complement the customer-centric approach to the corporate network that Cello clearly exhibits.” Based in Wellington, Cello operates as an enterprise network services specialist supporting more than 400 customers at over 5100 sites nationwide. From a technology standpoint, the business provides a suite of private and public network solutions including WAN, SD-WAN, Internet, LAN, WiFi, security and cloud connectivity services. “Cello has strong growth aspirations, and the addition of Pentech to our growing list of capabilities will strengthen our position in the network consultancy and professional services space,” outlined Andrew Allan , chairman of Cello. Following the transaction -- for an undisclosed price -- Allan remained “open minded” to further acquisitions providing any potential deal “made sense” and was complementary to the Cello value proposition. “Of course we would consider it,” he noted. “This acquisition makes sense for Cello, both financially and culturally. I’m confident both teams will blend their respective capabilities to ensure continuity for Pentech customers in the first instance, and to provide a broader service proposition in the longer term.”

Pentech Investments

77 Investments

Pentech has made 77 investments. Their latest investment was in PrimaryBid as part of their Series C on February 2, 2022.

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Pentech Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/20/2022

Series C

PrimaryBid

$190M

No

34

1/21/2022

Series A

FloodFlash

$15M

No

4

11/25/2021

Series A

Vauban Technologies

$6.27M

Yes

3

11/22/2021

Series A

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$99M

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10

9/28/2021

Series B

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$99M

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10

Date

2/20/2022

1/21/2022

11/25/2021

11/22/2021

9/28/2021

Round

Series C

Series A

Series A

Series A

Series B

Company

PrimaryBid

FloodFlash

Vauban Technologies

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Amount

$190M

$15M

$6.27M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

34

4

3

10

10

Pentech Portfolio Exits

20 Portfolio Exits

Pentech has 20 portfolio exits. Their latest portfolio exit was Digital Fineprint on December 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/7/2021

Acquired

$99M

4

7/27/2021

Acquired

$99M

2

6/17/2021

Acquired

$99M

30

5/23/2018

Corporate Majority - P2P

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$99M

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10

2/15/2017

Acq - Fin

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$99M

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10

Date

12/7/2021

7/27/2021

6/17/2021

5/23/2018

2/15/2017

Exit

Acquired

Acquired

Acquired

Corporate Majority - P2P

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

2

30

10

10

Pentech Fund History

4 Fund Histories

Pentech has 4 funds, including Pentech Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/11/2017

Pentech Fund III

Early-Stage Venture Capital

Closed

$113.87M

1

7/15/2014

techstart NI Fund

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$99M

10

9/10/2008

Pentech Ventures Fund II

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$99M

10

10/1/2002

Pentech Ventures Fund

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$99M

10

Closing Date

5/11/2017

7/15/2014

9/10/2008

10/1/2002

Fund

Pentech Fund III

techstart NI Fund

Pentech Ventures Fund II

Pentech Ventures Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$113.87M

$99M

$99M

$99M

Sources

1

10

10

10

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