Invinity raises £10M in oversubscribed placing backed by National Wealth Fund
What's the deal? Invinity Energy SystemsDealroom has a profile for this one. Try Dealroom →, an AIM-listed maker of vanadium flow batteries, raised £10 million in gross proceeds through an oversubscribed placing announced on October 20, 2026. The company issued 100,000,000 new ordinary shares at 10 pence each, with the National Wealth FundDealroom has a profile for this one. Try Dealroom → as cornerstone investor.
How it's structured: The National Wealth Fund has also agreed to match funds from a separate retail offer pound-for-pound, which could lift the subscription to £12.5 million. The total fundraising is capped at £25 million.
Why now? The placing is conditional on shareholder approval at a general meeting, which would authorise directors to allot the shares on a non-pre-emptive basis. Admission of the new shares is expected by November 12, 2026.
Canaccord GenuityDealroom has a profile for this one. Try Dealroom →, Panmure LiberumDealroom has a profile for this one. Try Dealroom →, and VSA CapitalDealroom has a profile for this one. Try Dealroom → acted as joint bookrunners. The final size of the subscription will be confirmed alongside the retail offer result on October 22, 2026.
The signal: State backing from the National Wealth Fund marks a different footing from recent distressed placings on London's junior market. Where some small-cap raises have served as rescue lifelines, Invinity's oversubscribed round — with a government-linked cornerstone and a matching commitment — points to institutional confidence in long-duration energy storage.
Read more: investegate.co.uk
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