NetScientific plc (GB:NSCI) has released an update.
NetScientific plc has significantly expanded its venture capital and investment management operations by acquiring the operational business of Martlet Capital and taking on the investment management of Martlet’s roughly £23.3 million investment portfolio. This strategic move will provide NetScientific with additional funds under management, recurring management fees for at least four years, and potential carried interest from the portfolio. The company also looks to capitalize on Martlet’s strong brand within the Cambridge high-tech cluster to potentially launch two new funds, enhancing their presence in the deep tech and life sciences sectors.
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