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Exited portfolio company

In November 2016, Foresight VCT invested £4 million of growth capital into Simulity Labs, a specialist technology business based in Bangor and Belfast, that produces embedded communications software for SIM, eSIM and the next generation of connected devices.


Following investment, Foresight and the management team developed and implemented a comprehensive 100-day plan, which involved expanding the company’s product offerings, transitioning the business to a more licensed and software focused growth strategy, and opening additional offices in India and the USA. The investment, which led to a 25% growth in staff numbers in the UK, helped attract key global partners and customers with an increased level of confidence in the provision of critical products, especially in overseas markets such as Israel.  It also attracted the attention of potential acquirers and, just eight months after investment, in July 2017, Foresight successfully completed the sale of Simulity to world-leading semiconductor IP company ARM, delivering a near three times return to shareholders at an IRR of 400%.


Stephane Fund, Founder and CEO, Simulity Labs said: The institutional backing of Foresight allowed us to scale the business and continue to build our world leading team and technology, whilst also providing huge credibility in discussions with large global corporates. Foresight has worked closely with us, particularly during the exit process.”

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