Octopus Apollo VCT has launched a £100 million fundraise, including a £25m overallotment, as it looks to expand its portfolio of established B2B software companies.

With net assets of £523m and investments in around 45 businesses, the VCT targets firms generating £2–£8m in annual revenue – positioning itself at the mature end of the venture capital trust spectrum.

Over the past five years to September 2025, the London firm has delivered a 53.2% net asset value total return, while targeting an average annual dividend of 5% of NAV.