RLC Ventures Summer Reception 2019
Reece Chowdhry, Founder & CEO of RLC Ventures, one of the Top 100 Asian Stars in UK Tech 2019, hosted a Summer Reception at the RAC Club in London on Wednesday 17th July 2019. The event was an opportunity for the RLC Ventures team, investees, VCs, PE funders, angel investors and partners to network informally.
RLC Ventures is an award-winning, early stage European venture capital firm that focuses on investing in diverse and exceptional founders with a unique investment thesis. It consists of an experienced team with 100 years investing experience ranging from Google to The Telegraph and has built a reputation in the market, having won the 2018 UK Business Angel Association Best New Entrant – ‘One to Watch’.
The key highlights of the Fund and its strategy are:;
Investment thesis: RLC Ventures’ investment thesis focuses on diverse founders. This focus has a clear business case in our modern economy. There is a huge lack of diversity and RLC Ventures aims to resolve this inefficiency in the industry.
Track record: RLC Ventures has built a strong track record, having taken companies such as LandlordInvest (P2P Lending Platform) from an idea to a multi-million pound company in 2 years (33.6x on the last funding round excluding tax breaks). RLC Ventures currently supports 14 portfolio companies through being active on boards (5), to follow-on financing and strategic advice.
Return on investments: Currently, the Fund’s 14 portfolio companies have a combined equity multiplier of 10x, highlighting RLC Venture’s ability to target returns of over 2.5x the original capital invested. This target return is considered to be the aggregate return of angel investments as an asset class. Fund I’s last exit was 2x.
Award-winning: RLC was the winner of 2018 UKBAA (UK Business Angel Association) Best New Entrant– “One to Watch” and the RLC Ventures Founder Reece Chowdhry has been awarded one of the Top 5 UK Asian Tech Investors (Diversity UK + KPMG). RLC Ventures was also shortlisted Best New comer for EISA (Enterprise Investment Scheme Association) Awards 2018.
Team: RLC Ventures Advisory Team includes has exited over £1bn of investments and has grown companies from SMEs to listed companies.
Social Impact Venture Pledge: It is the only venture capital firm that pledges to commit a portion of exit profits to important social causes of the founder’s choice. This aligns its investment with the socially responsible values held by its founders to make a positive impact on society.
Deal Flow: We have an expansive and constant deal flow of around 1,500 companies annually, from which we use a rigorous selection and analysis process to choose only the most promising companies in emerging sectors.
The firm is part of the BVCA (British Venture Capital and Private Equity Association) and the UKBAA (UK Business Angel Association). For further information visit https://rlc.ventures/
