Castelnau Backs Iona Star LP’s Funding Triumph

Castelnau Group Limited (GB:CGL) has released an update.

Castelnau Group Limited celebrates the initial funding success of Iona Star LP, the AI and data-focused venture capital fund it backs, which has secured up to £20 million from key industry players including Frasers Group. The fund, targeting early-stage companies, is managed by seasoned experts and aims to invest globally, with a final close expected in late 2024. Castelnau’s CEO Richard Brown expresses confidence in the fund’s potential to bolster the Group’s tech and data capabilities.

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