Pitalia Capital Launches £50M Fund
Summary
Led by John Davies, the managing partner spearheading the new firm’s investment activity, who joins from Seneca Partners, Pitalia Capital will seek to invest across a diverse portfolio of businesses, including early-stage companies looking for growth capital to scale, as well as backing management buyouts of mid-sized firms. The firm, which is part of the Pitalia group of companies and funded by entrepreneur Anil Pitalia, will focus on flexible deal structures, enabling the team to support a broad range of businesses by deploying up to £10m per transaction, and it intends to support companies across a diverse range of sectors. This includes digital business communications specialist Mission Labs, which it exited in March in a deal valued at more than £40m, providing a 4.2x return to investors. Davies was also instrumental in originating and supporting Seneca Partners’ investment in Manchester-headquartered Wejo Limited, a leader in connected vehicle data, which recently announced plans for a $1bn Nasdaq listing. He sat on the board for over two years and worked closely with Wejo CEO Richard Barlow to support his growth journey.