SIDEBYSIDE EIS VENTURE FUND

SidebySide EIS Venture Fund

Investing in fast-growing technology-enabled businesses.

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What is the aim of this fund?

"We aim to fill a historic EIS market void, as “fewer than one in ten firms that obtain seed funding in the UK go on to receive later stage fourth round investment” that is usually required to become ‘substantial, big and strong’ mainstream businesses. Our aim is to select, support and grow those few businesses that we believe, by applying our expertise along with funding, will grow to be ‘substantial, big and strong’."

John Bailye, The Side by Side Partnership International Limited

This Fund will invest in high-growth but more established technology-enabled EIS companies, led by driven teams who dream big. Side by Side help investees enhance the value of the investment by applying our decades of experience building private, public and international businesses. The approach is modelled on past successes in this space where there is a need to have a high-touch engagement of up to two days a month mentoring and directly working with each management team on day-to-day issues.

Consequently, Side by Side intend to have a relatively small (up to ten) number of companies in the Fund, at any one time, to ensure each company has access to Side by Side for the advice they need to reach their potential. The investments will usually be held for a period longer than five years, to allow companies to complete their journey into their mainstream markets. 

JB 1Key Individuals - John Bailye moved to the United States in 1987 from Australia and cofounded and assembled a team that grew a start-up to a billion dollars in market cap (formerly on Nasdaq: DRTE) with nearly 3,000 employees. He sponsored and co-founded the New Jersey Technology Council, with circa 1,500 entrepreneurs as members, which is aimed at creating an exchange for entrepreneurs’ experiences and ideas. John has personally been investing in early-stage companies for many years.

John is supported by a team of experienced investment professionals with backgrounds in private equity and entrepreneurship. 

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At a glance

Investment goal

Growth

Relative risk

High / Adventurous

Risk 7

Invests in

Technology companies with one to ten million pounds in revenue prior to investment.

 


Target Return

3x return after eight 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

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Side by Side look to deliver superior returns on your investment by combining capital investment with decades of experience building private, public and international businesses. The goal is to finance and guide the management teams of Investee Companies through the process of becoming a mature corporate entity. In Side by Side's experience, the faster the growth rate, the more frequent and severe the complications seem to be in young companies. Rather than have them settle for lower goals or slower growth, Side by Side meet with their teams every two weeks to help solve growth problems.

Side by Side intend to create significant capital growth by investing in businesses and entrepreneurs with characteristics Side by Side can relate to, based on previous investments. Some of the attributes Side by Side seek are:

  • A driven and ambitious management team.
  • Businesses with significant growth records and at least three years of meaningful revenue in the scale-up stage, and with one to ten million pounds in revenue.
  • Strong customer endorsement of the product or service offered.
  • Founders with significant personal investments in the company (not just sweat equity) and who are paying themselves modest salaries.
  • Companies that are reasonably and fairly valued.
  • Regionally based companies.

Side by Side look for opportunities based on the application of technology to a traditional task which is transformed as a result, and for which the customers perceive and agree that the company’s product or service offering can either solve the problem or create new opportunities.

Example Prior Investments

Shot Scope

Shot Scope uses patented wearable technology, cloud-based algorithms and course database IP to automatically record golf performance data.


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Laundryheap

Laundryheap provides dry cleaning & laundry services, with same day cleaning collection and free next-day delivery.


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Envestors

Envestors is a private investor network and has evolved to cater for equity crowdfunding opportunities, connecting investors and scale-up businesses.


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SIDEBYSIDE EIS VENTURE FUND

Investor Charges

Full initial charge 0%
Annual management charge 0%
Administration charge 0%
Performance fee 30%*

*30% of any distribution to Investors above a hurdle rate of £1.50 per £1 invested

Investee Company Charge

Initial charge 5%
Annual management charg 2%
Transaction Fee 0.5%

Other Fee: None Up to £10,000 due diligence/legal cost recovery per Investment. 1% in Warrants (of the value of each capital raise)

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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SIDEBYSIDE EIS VENTURE FUND

 

INVESTOR SUPPORT CENTRE

If you have any questions regarding the SBS EIS Venture 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 Side by Side Partnership International Limited website.