New records have revealed the close relationship between Darktrace and tech billionaire Mike Lynch’s Invoke Capital as the cyber security firm seeks to become London’s first major new tech listing since Deliveroo.
The IPO could value Darktrace at up to £ 3 billion, according to a person close to the deal. Darktrace’s relationship with Lynch, whose family owns nearly a fifth of the company, is likely to be sensational among investors, however.
Darktrace’s registration document describes a close relationship between the company and Invoke that goes beyond that of a traditional venture capitalist and has continued into this month.
The UK-based company warned in filings filed Monday that it may face “potential liability in relation to possible money laundering offenses due to its historical funding” by Lynch’s investment firm.
Lynch fights extradition to US for Hewlett-Packards-related fraud …