Please note - one or more of these investments may not be part of the portfolio of the VCT into which you invest or are currently invested.

Disposable Cubicle Curtains


Disposable Cubicle Curtains (“DCC”), trading as All in One Medical, was founded in 2003 with the aim of bringing to market innovative, high-quality, and highly-effective disposable and biocidal products that reduce the rate of infection and save lives. DCC’s range of products includes soft furnishings (curtains, blinds) and cleaning products designed to deploy advanced anti-microbial defences at as many touch-points as possible in large and small hospitals, GP surgeries, medical centres, clinics and at home.

Hospital acquired infections have become a global public health issue. A typical fabric cubicle curtain that surrounds a hospital bed has a high probability of having developed on its surface pathogens such as MRSA, ECOLI, VRE, or CDIFF. The replacement of traditional linen products with disposable, anti-microbial alternatives assists medical institutions in preventing and combating the outbreak of infectious diseases amongst patients, staff and visitors.

In 2014, DCC acquired anti-microbial biocide manufacturer Fantex UK Limited. Fantex is developing biodegradable biocides, with an exceptionally fast kill rate, for a number of applications outside of the healthcare industry including the retail sector, and are in negotiations with several high street retailers. ProVen VCT and ProVen Growth & Income VCT invested a total of £3 million in DCC in February 2014. The funding was used to expand the company’s manufacturing facilities and to complete the company’s acquisition of Fantex UK Limited.

Monica Vinader


Monica Vinader is a British company that creates ready-to-wear contemporary designer jewellery. The business, which is managed by sisters Monica and Gabriela Vinader, began trading in 2007 and has quickly become a well-known, international luxury jewellery brand.

Monica Vinader’s diverse jewellery collections include rings, friendship bracelets, pendants, necklaces and earrings, made using high-quality materials such as silver, gold, platinum and vermeil. The company’s gemstone jewellery is made using ethical diamonds and the semiprecious stones are approved by Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones. Monica Vinader offers complementary engraving services to customers seeking to personalise their own jewellery or gift purchases.
In 2009, Monica Vinader won Brand of the Year at the UK Jewellery Awards. The brand has continued to demonstrate broad global appeal amongst customers, fashion press and celebrity clients, including Kate Winslet, Cameron Diaz, Keira Knightly, Cheryl Cole, Cara Delevingne, Kylie Minogue and Elle Macpherson.
Monica Vinader’s products are sold through a number of well-known discerning retailers including Selfridges, Liberty, Net-A-Porter and Harrods. The company also operates two Monica Vinader branded boutiques in Mayfair and Canary Wharf.

ProVen VCT first invested in Monica Vinader in October 2010. The funding was used to finance the company’s first branded shop in Mayfair and to further develop its supply chain. In May 2013, the VCT made a £1.1 million follow-on investment, alongside other investors, to accelerate growth plans, including additional UK own-brand shops and international distribution.



SenseLogix was established in 2009 to develop a series of energy measurement and control products designed to eliminate the electrical waste of IT systems and other small power items. Its customers include Gwynedd Council, Wolseley UK, University of Derby, Tallent Automotive and Helix Property Management.

EnergyLogix is an enterprise energy management platform that includes metering solutions, aM&T software, energy and carbon reporting tools, PC power management, socket and equipment control, voltage optimisation and renewable generation dashboards, and energy dashboards designed to support behavioural change of energy users. The ProVen VCTs were attracted to Senselogix’s strong business model, which capitalised on its pioneering technology and made its initial investment in 2009.


Investment exited - sold to Accenture Defining digital

Fjord is an international digital design agency helping visionary clients in the telecommunications, technology, media and financial services sectors develop the next generation of digital platforms. The company has worked on market leading flagship projects - including projects for the BBC, Nokia, Orange, Swisscom, Yahoo and BBVA! Fjord was instrumental in bringing the hugely successful award winning BBC iPlayer to mobile.

Fjord has offices in London, Helsinki, Berlin, Stockholm, New York, San Francisco, Istanbul, Paris and Madrid. The company’s mission is to help customers innovate better by creating transforming services and interfaces that lead to greater profit through elegant simplicity.

Fjord is the only service design company set up specifically to offer expert understanding of the business and design issues involved in delivering fluently across multiple channels. Key clients include,BBC, Nokia, Orange, Swisscom and Yahoo!

Speed Trap Holdings

Investment exited - sold to IS Solutions Understanding customer interactions

STH is a digital data analytics company and the parent company of Celebrus Technologies – the developer of software that allows organisations to understand their customers’ interactions with their websites, mobile applications and social media channels in real time on an individual and personalised level.

Beringea first invested in the STH in 2010 through ProVen VCT and ProVen Growth and Income VCT. In 2015 Beringea sold Speed Trap Holdings (STH), to IS Solutions plc


Investment exited - sold to Dentsu Digital. Well Done.

Steak is a leading performance media specialist agency working with some of the leading names in retail, travel and finance. By understanding the complexities of current consumer behaviour, Steak is able to deliver great results from all digital channels. The business focuses on three core areas of digital media - Pay Per Click (PPC), Search Engine Optimisation (SEO) & display marketing and the team specialise in a running integrated campaigns across these channels.

Beringea first invested in the company in 2007 and again in 2010, helping the company establish its international operations as well as cementing its potion as one of the top digital search agencies in the United Kingdom.

In 2011 Beringea sold Steak to Dentsu, the world's #1 consolidated agency network.

Espresso Education

Investment exited - sold to Discovery Leading UK digital curriculum service

Espresso creates award-winning multimedia educational content for schools, delivered over the internet. Nearly 10,000 primary schools subscribe to its video-rich Espresso Primary service, which has won multiple industry accolades, including six BETT awards and a BAFTA. For secondary schools, Espresso offers its Clipbank service, which blends thousands of educational video clips with other learning resources, all specifically designed to support teachers and students.

Established in 1997, Espresso Group is the UK market leader in the provision of broadband, video and multi-media educational resources. These resources are delivered via platform independent distribution systems tailored to customers' needs. The Company's services are imaginative, fully indexed and searchable resources featuring videoclips, newspaper reports and specially filmed video produced by Espresso. The Espresso services for primary and secondary schools are all linked and cross referenced to National Curriculum attainment targets. The service has been designed to meet two objectives. First to stimulate children and teach them skills relevant to their key stage and second to provide a rich resource that makes planning and researching lessons enjoyable and stress-free for teachers. Pupils also benefit from access to Espresso's use of contemporary TV programmes and news footage, which are re-dubbed for greater relevance to the National Curriculum, bringing current affairs from around the world into the classroom. 

Beringea sold its investment in Espresso Group to Discovery Communications, Inc. in November 2013

Saffron Digital

Investment exited - Sold to HTC Global video delivery

Saffron Digital is a global video delivery platform company whose products and services are used all around the world. Founded in 2003 Saffron has become a pivotal player in the mobile space. Its technology enables users to access video content via personal mobile devices such as smartphones, tablets or laptops. Saffron's clients include Nokia, Sony Ericson, LG and Samsung. The company also provided services for Sony Pictures, NBC Universal, Paramount, 20th century Fox, Sky, T‐Mobile and Vodafone.
In 2007 Saffron Digital was sold by Beringea to the HTC Corporation, a global designer of smartphones.

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Regulatory Information

The ProVen VCTs are managed by Beringea LLP, a specialist private equity fund manager based in the UK which is authorised and regulated by the Financial Conduct Authority (FCA). Beringea LLP's FCA Firm Reference Number is 496358.

The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have dificulty in selling their shares and any sale is likely to be at a discount to the NAV.

The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value.

VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.

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