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$140m Octopus Zenith Opportunities II LP (Octopus Opportunities Fund) Backs ITM Power (ITM) The UK VC says the new raise brings its early stage funds to more than £400m, of which it will invest more than £75m this year. Its Cambridge reach has seen Octopus back ITM Power, invest in Cambridge energy management influencer Origami and back exciting St John’s Innovation Centre business UltraSoc. Alex Macpherson, head of Octopus Ventures, says the new raise comes at “an interesting time for technology venture capital in recent months, with much said of the apparent slowdown in the US technology investment market.â€
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