At a glance
- Current status: Open
- Fund type: SEIS/EIS
- Investment goal: Capital growth
- Focus: Early-stage, multi-sector
- Minimum portfolio size: 10 companies
- Target returns: 4.13x
- Target holding period: 6 years
- Minimum subscription: £10,000
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.
Investment Strategy
The Fund invests in ideas stage and early stage startups, without any capital investment from the founder. Nova's programme will take the founder from an initial idea to discovering its market and building the product. Nova mentors, explores, validates & scales founders and their ideas.
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.
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 their 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.
SEIS & EIS tax incentives
The companies the fund invest in are expected to be SEIS-EIS-qualifying, which makes Nova Cofoundery SEIS & EIS Fund SEIS-EIS suitable for qualifying clients who would potentially benefit from the following tax reliefs:
- Up to 30% income tax relief (50% for SEIS)
- Tax-free investment growth
-
Capital gains deferral (or 50% capital gains tax exemption for SEIS)
-
Inheritance tax relief
- Loss relief
Please note: SEIS-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.
Example companies from the current fund portfolio
.webp){kind=logo}
The Aquarate co-founding team created a suite of sensor-based products which digitise existing NHS processes and increase the quality of patient care. Aquarate is working with leading hospitals across the UK, including the Liverpool Royal.
Vidivet is made up of qualified vets and nurses that can be contacted any time through the VidiVet app on your phone or tablet. When their members have a question or a concern about their pet's health, Vidivet are there to answer any question no matter how big or small it is about them. They are independent, there is no bias. If a customer’s pet needs hand on assessment they have no issue directing them to their local vets. If it can be monitored at home, then Vidivet support them with that.
Umii is a university-based connections app, helping students to make friends at university. Whether they are a new student wanting to connect with people ahead of term time or just looking to expand their circle, Umii connects students at university based on their course, societies and interests
Bolda’s mission is to help the furniture and homeware industry save time and money, currently spent collecting and analysing market data. We strive to help you make better decisions and create unique insights in the new era of retail.
THRIFT lets you know what any item is worth on the resale market - quickly and simply see which marketplace has the demand for your item, & it's profit potential. Reselling stuff should be made easier and more transparent. Their Mission is to improve economic opportunity for the masses, whilst encouraging sustainability and driving the circular economy with our technology.
Welbee's online system helps senior leaders in schools, colleges and MATs improve and maintain staff wellbeing, delivering the outcomes you need.
.svg)