At a glance
- Current status: Open
- Fund type: EIS
- Investment goal: Capital growth
- Focus: UK SMEs, multi-sector
- Minimum portfolio size: 3 companies
- Target returns (after 8 years): 3x
- Target holding period: 5-8 years
- Minimum subscription: £10,000
The Fund invests in fast-growing technology-enabled businesses with one to ten million in revenue. They 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”, which is usually required to become ‘substantial, big and strong’ mainstream businesses. Their aim is to select, support and grow those few businesses by applying their expertise along with funding.
This Fund will aim to invest in high-growth but more established technology-enabled EIS companies, led by driven teams who dream big.
EIS tax incentives
The companies the fund invest in are expected to be EIS-qualifying, which makes SideBySide EIS Venture 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.
Example companies from the current fund portfolio
Love the Sales is an online marketplace that allows customers to shop discounted, current- season premium stock from multiple different brands and retailers, all in one place.
Sherpr is a door-to-door shipment service for travellers, students and relocators; saving customers the hassle and stress of carrying large bags, boxes and suitcases to and from locations.
LaundryHeap provides an on-demand laundry and dry-cleaning service, offering collection and delivery in just 24 hours.
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