At a glance
- Current status: Open
- Fund type: EIS
- Investment goal: Capital growth
- Focus: SaaS, marketplaces, platforms
- Target returns: 10x
- Target holding period: 10 years
- Minimum subscription (Direct) : £50,000
- Minimum Subscription (Advised): £20,000
The Fuel Ventures Follow-on EIS Fund is an EIS fund specialising in seed-stage investments in the European marketplace, platforms and SaaS sectors. The Fund will carry on with the goal of investing in early-stage businesses. The Fund invests in rapidly growing sectors such as marketplaces, software and transactional businesses.
INVESTMENT STRATEGY
The Fund will seek to invest in ‘follow-on’ investments into promising existing portfolio companies. Outlined below are the Investment Manager and Investment Adviser’s four-stage approach used in identifying a potential Investee Company:
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Identification
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Discovery
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Evaluation
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Investment
EIS tax incentives
The companies the fund invest in are expected to be EIS-qualifying, which makes Fuel Ventures Follow-on Fund EIS suitable for qualifying clients who would potentially benefit from the following tax reliefs:
- Up to 30% income tax relief
- Tax-free investment growth
- Capital gains deferral
- Inheritance tax relief
- Loss relief
Please note: EIS tax reliefs are only made available to investors because of the higher risks associated with investing in early-stage companies. Also, the availability of tax reliefs will depend on the investor's personal circumstances, and tax legislation can change in the future. See guide for further information.
Example companies from the current fund portfolio
OnBuy is an online marketplace that offers multi-category products. Its marketplace offers competitive fees for its sellers and helps to list all the products in its portal that enable users to purchase products without hassle.
Lifted is a home healthcare platform offering a personalized & innovative approach to improve the home healthcare experience.
Creoate is on a mission to make wholesale work for independents. Their community is made of the small, unique, and independent businesses that make retail and wholesale so special.
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