On-Demand Webinar | Find out how you can raise investment with Seedrs, and get it matched by the Future Fund. Our team will talk you through the process, key terms and how Seedrs can support your business. Watch the free Webinar
Get the facts
The Future Fund is a government scheme designed to support innovative, growth focused businesses that typically rely on equity investment, who are feeling the impact of Covid-19. Subject to being approved as eligible, the Future Fund will match up to 100% of the amount a business raises from investors, thereby doubling the amount of funding received by the business. Below are some of the key details:
Up to £5m raised from private investors will be matched by the fund
Applications are open
20th May – 30th November
The Future Fund is delivered by the British Business Bank. See here or full details of the scheme.
How it works when raising with Seedrs
We are pleased to announce that funds raised through Seedrs can be eligible for match funding from the Future Fund scheme for approved businesses. Here’s how the process will look:
We’ll help you run a convertible campaign that matches the terms set out by the Future Fund
Raise capital from your community and Seedrs investors through that campaign
We’ll act as your lead investor, and apply to the Future Fund to match the funds raised in your campaign
Learn more about raising investment for your business with Seedrs.
Key Terms of the Future Fund
The form of convertible loan that Seedrs will enter into on behalf of investors has been prescribed by the Future Fund and can be found here. Below are some of the key terms of the loan:
- Interest: 8%
- Discount: 20%
- Maturity Date: 36 months
- Conversion: The loans will convert into shares in the company in certain circumstances, including an exit or a new funding round.
We have also prepared a term sheet setting out the key terms of the convertible loan in more detail, which can be downloaded here:
Interested in Future Fund private match funding with Seedrs?
Provide your details below for our team to evaluate if your business is eligible to raise investment with Seedrs, and get it matched by the Future Fund. We will get in touch directly if we think your business is eligible. Seedrs will manage your application for the Future Fund free of charge.