Portfolio companies from Fuel Ventures and Parkwalk Advisors among UK’s top 100 fastest-growing private businesses

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.

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