Establishment of a Jersey closed-ended venture capital fund.
Backed is an early stage venture capital firm which makes seed-stage investments in European based disruptive, defensible businesses with global potential.
Backed instructed MJ Hudson to assist with the establishment of their first close-ended fund to allow them to create a model with a more “community-driven” approach to VC, whereby Backed shares their profits with anyone who refers them a company from which they profit.
MJ Hudson advised Backed in relation to the establishment of the fund, providing both onshore and offshore advice to the client, and also assisted in relation to investments made by the fund in high potential tech companies (including Dispatchr, Unmade, Lystable and Technology Will Save Us).
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