18 December 2018, 12:35pm
EIS funded businesses First Light Fusion, Cytora, OxSyBio and Paddle have been named as some of the fastest-growing companies in the UK, as featured on a list of the 100 fastest-growing private businesses in the UK..
The fast growing businesses are portfolio companies of Parkwalk Opportunities EIS Fund and the latter from Fuel Ventures EIS Fund, which are all funded by investors as part of the Enterprise Investment Scheme (EIS)..
The report, Top 100: Britain’s Fastest-Growing Businesses was compiled by independent research agency Beauhurst and crowdfunding platform SyndicateRoom, using private data to track the UK’s fastest growing startups.
Three of those companies, First Light Fusion, Cytora, and OxSyBio are part of Parkwalk Opportunities EIS Fund’s portfolio, which focuses on knowledge-intensive technology companies spun out of UK universities. Between them they deal with energy generation, AI-driven commercial insurance, and 3D printer technology.
The report analyses valuations to identify the companies that have increased in value the most since 2015. First Light Fusion got a special mention within the report as one of three companies showing the greatest multiple increase since appearing in last year’s top 100 list (from 12.4x to 19.4x).
Meanwhile, software platform Paddle – one of Fuel Ventures EIS Fund’s portfolio companies – also features on the list. Last year, Paddle was named the ‘fastest-growing software company’ in the UK Deloitte Fast 50, with 3,300% revenue growth in the last three years.
Fuel Ventures recently announced a successful third round of funding, raising £20 million and are set to launch a further EIS fund aimed at retail investors. Created by founders, for founders, Fuel Ventures invests in fast-growth technology businesses, and is one of just a handful of funds that aims to give 100% EIS tax relief to UK investors, net of adviser fees.
Speaking about the report, Christian Elmes of Kin Capital said: “This new report highlights the growing success of the portfolio companies coming out of Fuel Ventures EIS Fund and Parkwalk Opportunities EIS Fund, demonstrating how the Enterprise Investment Scheme is creating some of the most impressive growth stories in the UK.”
Fuel Ventures and Parkwalk Opportunities are just two of Kin Capital’s current open EIS fund offers investing in technology, digital e-commerce and more. If you’d like to learn more, get in touch with the team at Kin Capital today on 0203 743 3100.
Risk warning: EIS investment are high risk investments and are not suitable for all investors. Please see our full risk warning here.
Unlike most other venture capital funds, Fuel Ventures encourage their investee companies to base alongside them at RocketSpace Tech Campus. Read more...
Independent review identified the barriers faced by female entrepreneurs Read more...
Kin caught up with leading EIS manager Parkwalk, to find out more about their experience, investment strategy, how they source deal flow and more. Read more...
Trying to reduce your tax bill? We have EIS and SEIS funds deploying before April 5th with income tax relief carry… twitter.com/i/web/status/1…
If you need an investor summary sheet, application form or memorandum please get in touch with the Kin Capital sale… twitter.com/i/web/status/1…
OFFER OPEN - Carryback 17/18 Available - Technology & e-commerce EIS fund, offering 100% tax relief, from industry leading venture capitalist Fuel Ventures More >
OFFER OPEN - The most popular growth EIS Fund for the last three tax years, according to figures published by independent commentator Tax Efficient Review. More >
OFFER OPEN - invest in growth businesses within the Leisure & Hospitality market through Imbiba Leisure EIS More >
OFFER OPEN - Carryback 17/18 Available - invest in a portfolio of primarily early stage SEIS qualifying companies across different sectors including digital technology, life sciences and consumer goods More >
OFFER OPEN - invest in sustainable energy companies eligible for Business Relief (BR) through Guinness Sustainable Infrastructure Service More >
OFFER OPEN - invest in a portfolio of primarily early stage EIS qualifying companies across different sectors including digital technology, life sciences and consumer goods More >