Guernsey-based fund services provider Imperium has supported SNGLR Capital in its recent fund closing.  

Their two Guernsey funds held their first closing, and are, by final closing, collectively aiming for total commitments of €40 million.

Imperium Director Andy Hatton said: “We are delighted to have supported SNGLR in their recent closing.  As part of their structure, SNGLR chose a Guernsey PIF; the vehicle is a popular structure that provides a faster market route. We look forward to working with SNGLR as they move towards their final close.”

SNGLR (pronounced singular) is a Swiss-based Manager who invests in mainly European early-stage technology Startups with exceptional solutions for the sectors Longevity and Smart Mobility / Cities. Both sector funds focus on exponential technologies as a driver of growth, including AI, Blockchain, Data (IoT; API), 5G, and Robotics.

Klaus Kummermehr, Managing Partner SNGLR, said: “We are pleased to have reached this milestone with our fund.  The sectors we are working in have so much potential, and we enjoy working with founders to take their technology to the next level. Guernsey is the perfect domicile for us, and we look forward to working with the Imperium team and investors toward our final close.”