13 February 2019, 9:16am
We are excited to announce that we are fundraising for the evergreen Fuel Ventures EIS Fund, focusing on e-commerce and technology. The Fund is open for investment, please email us firstname.lastname@example.org for more information or click here to download the memorandum and summary.
The Fund is led by serial entrepreneur and investor Mark Pearson (who founded and sold discount website MyVoucherCodes) and his team. Having successfully raised three previous funds raising £21m to date, the Fuel Ventures EIS fund will be available to retail EIS investors. Fuel Ventures’ portfolio of companies, which includes logistics on demand platform Lift, digital gift card company Wegift and social retail start-up Moteefe, has generated more than £100m in revenue since investment.
Strategy: Capital growth
Sector: eCommerce and technology
Portfolio size: 5-8 companies
EIS Tax relief: 100% of subscription eligible for tax relief, net of adviser fees
Deadline: Applications received by 29th March 2019 will be eligible for income tax relief carry back to 17/18, as investments will be made by 5th April 2019
About Fuel Ventures EIS Fund
The Fund is advised by Fuel Ventures Ltd. Fuel Ventures is an early and growth stage investor in leading global technology companies. The Fund invests in the most ambitious entrepreneurs building market leading companies, with the passion and ability to execute. Many of Fuel’s investee companies spend at least 12 months co-located in the same building as Fuel, at the RocketSpace tech campus in London. The team invest in FAST growth companies and target sectors covering globally scalable marketplaces, platforms, software (SaaS) and transactional technologies.
Please note, EIS investments are higher risk. Your capital is at risk and all our products are long term, high risk investments. They will not be suitable for all investors. The level of tax relief received depends on individual circumstances and may be withdrawn at a later date. Kin Capital is unable to give taxation or financial advice and strongly recommends private investors speak with a suitably qualified independent financial adviser.
Private investors will need to first contact us to confirm their status as a High Net Worth, Sophisticated or Restricted Investor, before we can send further information.
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