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Nova Cofoundery
SEIS & EIS Fund

Investing in early-stage pre-revenue companies.

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What is the aim of this fund?

"We believe we owe it to our entrepreneurs and our Investors to create a more rewarding experience, and this belief led Nova to develop the Cofoundery business model"

Andy Davidson, Nova Group Holdings Limited.

The Fund is an opportunity to invest alongside Nova Cofoundery Limited ("Nova") in their portfolio of early-stage companies. The Fund therefore seeks to benefit from co-investing with experienced partners.

Andy DavidsonKey Individuals - Andy Davidson is a software engineer and serial technology entrepreneur. Over the last 20 years he has co-founded numerous technology companies, he still holds directorships in many of them, including Lucid Games and Sentric Music. Along with software engineering. Andy has strong financial experience and has raised seed venture capital for the companies he has co-founded. In 2017 Andy was recognised by the Sunday Times as one of the UK's Top 100 Disruptive Entrepreneurs.

Andy is supported by a team of experienced investment professionals with backgrounds in venture capital, private equity and entrepreneurship.

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At a glance

Investment goal

Growth

Relative risk

High / Adventurous

Risk 7

Invests in

Early stage companies

 


Target Return

1.72x return after three years

Not a reliable indicator of future income.

 


CURRENT STATUS - OPEN

Open to new investors. The fund is evergreen. The minimum investment is  £10,000.

Fund Details

Investment Strategy

View the Hardman & Co Review


 

The Fund seeks to offer investors a diversified exposure of a minimum of ten investee companies each of which is engaged in solving industry problems with the use of a digital solution. It is envisaged that each subscription will be deployed across each investee company on a diversified basis, at the discretion of Nova Growth Capital Limited and Sapphire Capital Partners LLP.

Nova seeks to leverage appropriate technology to source and mentor potential founders. This gives Nova the capability to perform real “in person” due diligence on our entrepreneurs before it co-invests, it allows Nova to understand and model the performance funnel and gives Nova control of deal flow. Nova typically sees over 25 opportunities per investment that are made.

IM

Investor Charges

Full initial charge 0%
Annual management charge 0%
Administration charge 0%
Performance fee 20%

 

Investee Company Charge

Initial charge 5%
Annual management charge 2%

 

Please check the fees section of the Information Memorandum for full details. All fees and charges are stated exclusive of VAT, which may be applicable in some cases. Any fees and charges payable by the investee companies or the underlying businesses do not directly come out of your investment. However, they will effectively reduce the returns generated by investee companies and therefore directly impact your investment.

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Example Prior Investments

QBunk Ltd

A service app optimising the hospitality industry by reducing queues in bars, restaurants and cafes & help venues maximise sales.


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Paidyou Ltd

A household bill management platform helping landlords and tenants confidently manage bills for a smoother rental experience.


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Aquarate Ltd

AQI Fluid intake monitoring system preventing illness and reducing lives lost due to hydration related illnesses.


Find out more
Nova

 

INVESTOR SUPPORT CENTRE

If you have any questions regarding the Nova Cofoundery SEIS & EIS Fund or the application form - please feel free to contact us.

Important Information

Eligible Investors

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To invest, you must be an eligible investor. To be an eligible investor, you must be qualifying as one or more of the following:

Risk Warning

Important information for private investors – Reliance on the information provided here to engage in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. Your attention is drawn to the risk section contained within the Information Memorandum. Investments are typically in unquoted shares in small companies, the value of which can be volatile and are often difficult to sell. Nothing on this website constitutes investment, tax, financial, legal, regulatory, or other advice by Sapphire Capital Partners LLP.

The value of an investment may go down as well as up, and you may not get back the full amount invested, and you may therefore lose some or all of your investment.

If you are unsure of the suitability of any investment for your circumstances, please contact your independent financial advisor or other professional advisor authorised under the Financial Services and Markets Act 2000 (FSMA) who specialises in advising on investments of this type. Tax reliefs depend on individual circumstances. There is no guarantee however that the tax reliefs (such as EIS reliefs, CGT reliefs or IHT relief) will be available on any investment made or that if it is initially available, it will not be subsequently withdrawn. Any references to tax laws or rates are based on current legislation, all of which are subject to change and are provided as a guide only. Prospective investors are advised to take their own investment and taxation advice and should consult their own professional advisors on the implications of investing.

Investments made in investee companies via funds managed by Sapphire Capital Partners LLP are not covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk

Past performance is not a guide to future returns. 

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View the Nova Growth Capital Limited website.