4th Sep 2026 10:34
(Alliance News) - Acceler8 Ventures PLC shares extended their fall on Friday after the company announced it had raised GBP5 million.
Acceler8 shares fell 4.0% to 79.22 pence in morning trading in London. On Thursday the company had closed down 1.8% at 82.50 pence after it reported pretax loss of GBP1.2 million for the first six months of 2026, compared with a GBP70,997 loss the year before.
The Jersey, Channel Islands-based investment company, which focuses on technology-enabled businesses, announced on Friday that it had raised GBP5 million from funds managed by London-based investment firm Feoh Investments UK LLP through a subscription for new shares at a price of 74.25 pence each.
Under the agreement, Acceler8 said Feoh would make available up to a further GBP30 million. The additional investment is at Feoh's discretion and would be made in two tranches, subject to the completion of milestones under a previously announced agreement with UK investment manager Helikon Investments Ltd.
In December 2025, Helikon agreed to provide up to GBP30 million in equity funding to support the development of Beijing-based lottery technology group Hui10, which was owned by Intuitive Investments Group PLC. Following Acceler8's acquisition of Intuitive Investments, completed in August, Hui10 is now Acceler8's main operating business.
Acceler8 said the proceeds from the agreement announced on Friday would be used to "accelerate growth options."
By Camilla Borri, Alliance News reporter
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