Dominic Keen, High Growth Robotics Limited
The British Robotics Sidecar Fund (the "Fund") will seek to identify attractive investment opportunities that demonstrate four important attributes:
(1) passionate, credible entrepreneurial management teams;
(2) credible business concepts and strategy;
(3) a reasonable level of business risk; and
(4) attractive potential for lucrative exits.
Once the Fund has invested, each investee company will be mentored by High Growth Robotics Limited who will provide the investee company with an experienced, proven entrepreneur with a track-record of creating valuable high-tech businesses.
The Fund offers investors the opportunity of investing in potentially fast-growing robotics companies in the UK whilst significantly reducing the inherent risks involved in funding early-stage businesses. It does this by both: focusing investment solely on robotics businesses where investors are eligible to take advantage of the SEIS or EIS schemes; and also by spreading the investments made across a range of companies and sectors so that investors can benefit from a portfolio approach.
Key Individuals - Dominic Keen is a successful British technology entrepreneur. Having previously floated on the London Stock Exchange mPorium Group plc, the software business that he founded, he now helps promising ventures to maximise their growth potential. In particular, Dominic looks to apply the lessons learned from his experiences gained in taking the business that he started in his garage through to becoming a public company, to other exciting early-stage companies.
Dominic is supported by a team of experienced investment professionals with backgrounds in venture capital, private equity and entrepreneurship.
High / Adventurous. Capital at Risk
3x return after six years
Not a reliable indicator of future income.
CURRENT STATUS - OPEN
Open to new investors. The fund's first close date was 31 December 2018. This has been extended to 31 March 2021 at the discretion of the fund investment manager. The minimum investment is £10,000.
Candidate companies for investment by the British Seed Robotics Fund will be selected by High Growth Robotics Limited with Dominic Keen acting as lead mentor for the founders of those businesses that receive investment. Dominic already actively mentors the companies that the British Robotics Seed Fund and the British Robotics Seed Fund 2 made investments into.
The Fund will focus on market-ready concepts that can start generating revenues within twelve months of the investment and will look to invest in the same companies as the British Robotics Seed Fund 2, whenever possible. Where possible, the Fund will look for the money invested by the Fund to be matched by a Local Enterprise Partnership or corporate investor so the investee company might have up to £300,000 of seed capital available for early-stage go-to-market activities. Investee robotics companies may often be sourced via informal partnerships with the pre-eminent robotics groups at British universities, some off which are listed below. The investee companies may either be direct spinouts of the academic robotics groups or formed by people from those groups' past members.
Robotics is a general-purpose category which can be applied to a wide variety of activities across a broad range of business sectors. The Fund will seek to invest in a portfolio of investee companies. Wherever possible, each Investee Company will be a separate legal entity.
Having the investee companies span a range of business sectors, compared to investment in one sector alone has the advantage of potentially reducing the risk of overdependence on any one sector. The following sectors are likely but not exclusively to be of interest to the Fund: logistics and warehousing; agricultural robotics; construction robots & civil engineering; low-volume manufacturing; domestic; facilities management and security; and specialist medical equipment.
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The performance fee will be charged at 25% on the amount of the increase over and above £1.00 (based on a £1.00 investment).
|Annual management charge||0.2% plus a £12,000 annual fee spread across all investee companies|
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.
Tethered Drone Systems have created a Tethered UAV, with an extended flight duration of 24 hours+ and with secure communication via the tether.
Fox Robotics solve fundamental in-premises logistics problems across areas like manufacturing, aerospace and retail.
To invest, you must be an eligible investor. To be an eligible investor, you must be qualifying as one or more of the following:
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.