Bloc Ventures is a London-based venture capital company active in the deep tech segments of the UK and European market, focused primarily on cloud, data, connectivity and security for telecoms and computing applications. Bloc has built a portfolio of 11 investee companies.
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Since we initiated in September, Bloc has exited two portfolio companies at a premium to holding value, Marmalade (a games developer, sold to LDC for a 4.8x cash return) and EVRYTHNG (an internet of things, IoT, data and real-time insights platform), acquired for an undisclosed price. Bloc has also made a new investment, Shield-IoT (large-scale IoT network security), taking its portfolio to 10 companies. Bloc has strengthened its team and governance with new hires and is actively raising a Series C funding round, as well as an early-stage investment fund (deeptech_one), for which discussions are ongoing with a potential cornerstone investor. Bloc’s later-stage funding options may include an IPO in 2023.
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Financials
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Key management |
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| Bruce Beckloff | CEO |
| Andrew Griffin | CFO |
| David Leftley | CTO |