NetScientific plc announces its 2023 preliminary results, celebrating a transformative year with assets under management surpassing £100 million. Group income increased to £3.8m from £1.8m in the previous year, while group losses decreased to £2.9m from £3.7m the previous year.
Dr Ilian Iliev, CEO of NetScientific commented: “2023 has been another year of progress, proactively funding, defending and developing the value of our portfolio whilst continuing to build a sustainable platform to realise our goal of becoming a leading VC investor in the deep tech and life sciences sectors in the UK and internationally. Our AUM passing an important £100 million milestone is testament to the groundwork of 2023, and we look forward to progressing towards the next milestone of £200 million AUM through driving the organic growth of our existing portfolio, now in excess of 70 companies, and other initiatives underway to expand our funds practice.”
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