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Seedrs EIS100 Fund

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The EIS100 Fund aims to provide exposure to 100 companies, in 12 months or less, with a single decision.

138%
 - 
Funded 28 Feb 2019
£1,000,000 target
£1,431,000 from 455 investors
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Business overview

Location London, United Kingdom
Social media
Website www.seedrs.com
Sectors Finance & Payments Mixed Digital/Non-Digital Mixed B2B/B2C
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Investment summary

Type Fund
Share price N/A
Tax relief

EIS

  • About the Fund
  • Team
  • Updates
  • Investors 455
  • Discussion
  • Documents

About the Fund

Passive Venture Capital

An innovative new product built by Seedrs, the EIS100 Fund offers investors passive exposure to the venture capital asset class at scale.

The public markets have long had a mix of active and passive fund managers, but in the absence of venture capital marketplaces providing sufficient volumes of dealflow, venture capital fund managers have had to source deals manually, actively picking the deals they want to invest in. There has not been any way to passively track the venture capital market as a whole as the opaqueness of venture capital has meant that most deals are done behind closed doors.

The EIS100 Fund aims to provide exposure to 100 companies, in 12 months or less, with a single decision.

Key Facts

We recommend that you read the Information Memorandum, together with the FAQ document, the Portfolio Update and the Deployment Policy attached to this campaign before investing.

The Fund will not be a “fund” in the traditional sense of the word but rather the investor will choose to make investments that are selected on the basis of predetermined objective criteria set for the Fund, with no discretion to be exercised by Seedrs.

Unrivalled Dealflow

Seedrs has one of the largest volumes of centralised venture capital dealflow in the UK.

In 2019 we are expecting approximately 15,000 deals to engage with the Seedrs platform. Out of this very large funnel we expect approximately 500 to launch a campaign on Seedrs, with 260 of those successfully hitting their funding target. The EIS100 Fund will then invest into approximately 100 of these deals.

This is one of the largest but highly curated deal pipelines anywhere in the world, and will provide investors with a diversified pool of investments in a relatively short period of time of 12 months or less.

Fund Structure

Fund Deployment Strategy

The Fund aims to invest in approximately 100 campaigns that are fundraising on the Seedrs platform in roughly 12 months. Using a proprietary algorithm, the Fund will deploy in any campaign that meets the following criteria:

A campaign must meet all of these conditions before capital is deployed:

Once a campaign becomes eligible, capital is deployed according to the following logic.

This ensures that the Fund will only invest in EIS eligible deals, will not lead the investment round, and will only invest in campaigns that have been sufficiently validated by other investors.

EIS Tax Relief

The Fund will only invest in EIS eligible deals. You can learn more about EIS in this short video:

Simple Administration

The Seedrs portfolio page enables investors to view detailed analytics on their portfolios. This includes, among other things, the investor’s real-time IRR.

The volume of tax documentation associated with large portfolios of EIS-eligible investments can be burdensome. Seedrs has simplified this dramatically by digitising this entire process. Investors can access and download EIS3 certificates for each investment directly through the platform, and pull a consolidated tax summary that provides the details of all their investments that can be sorted by the relevant financial tax year.

Seedrs Secondary Market

An investor in the Fund will have access to the Seedrs Secondary Market, a place where investors can buy and sell shares in Seedrs funded companies. Fund investors will have the opportunity to sell shares in any of the individual businesses they have invested in through the Fund, not only separate from any other investments they have made through the Fund but also separate from any other Fund investors (subject to eligibility and demand). We believe this opportunity for potential liquidity adds significant value to an investor in the Fund.

Fees

A passive approach to investing tends to require a lower fee than a more active approach, and we have approached the fees for this Fund in the same way.

Seedrs will charge Fund investors a platform fee of 0.25% of the investor’s total investment in the Fund over an eight-year period. We believe this 25 bps platform fee to be in line with the level of fees charged by passive funds in the public markets. For administrative simplicity, we will collect this platform fee as a single, upfront 2% deduction from each investor’s investment before the Fund begins deploying capital.

In addition to the platform fee, we charge a 7.5% carry on any returns from all investments made on the Seedrs platform and held under our nominee, including the Fund’s investments. When an investor receives a return from an investment in excess of the capital invested in that business, we will deduct 7.5% of the investor’s profit before distributing it to the investor.

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To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from Fund

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Fund campaigns offer you the opportunity to invest in an investment fund via Seedrs. Seedrs will invest in the investment fund as a limited partner and your interest in the fund will be held on your behalf by Seedrs.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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