Music Week Online reports that Entertainment industry investment and advisory group Edge has announced its Performance EIS has raised £5.5m in its latest round of fundraising, meaning Edge has now raised a total of £11.7m over its four EIS offers.
Edge founder David Glick says, "Edge is best-known for its Venture Capital Trust (VCT) product, and with £77.2m raised over the past five years, the Edge Performance VCT is now one of the most popular VCT funds in the UK with investors... But we are gaining increasing traction with our EIS fund too."
Companies in which Edge funds have invested have promoted more than 200 live concerts since December 2006.
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