Moulton set to raise funds

Steve Dinneen
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VENTURE capitalist Jon Moulton will raise new funds for his Better Capital vehicle, with analysts speculating it could be as much as £100m.

Better Capital has already bought a string of companies, including the Reader’s Digest and engineer Gardner, since floating two years ago.

The company, through its Enigmatic Investments business, recently had a £9.7m bid for Clarity Commerce rejected, prompting Moulton (pictured) to question the firm’s credibility. Clarity responded yesterday by saying it has received “several indicative expressions of interest [with] significantly better overall return”.