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12th December 2018

iDefigo Group raises £1.5m from Unicorn Ascension Fund

iDefigo Group Ltd, which offers IoT (Internet of Things) solutions for the surveillance industry, has raised £1.5m as part of their latest round. This is the Unicorn Ascension Fund’s second deal over the course of one month. UAF has participated in this round as a co-investor with other early stage investors including Ascension Ventures, which is also one of the partners in UAF.

4th December 2018

Seneca Partners sells North West based Foodpack

3 years on from saving the business from Administration in a £7.5m deal, Seneca backed Foodpack Limited, the St Helen’s based specialist food manufacturing and packaging business, has been sold to Integrated Packaging Services Ltd (“IPS”).

This is the latest exit from Seneca’s EIS growth capital investment team and delivers a net tax free return of c.3.3x for their investors.

Tim Murphy of Seneca, who was a Director of Foodpack throughout the investment, commented:

Making a success of a business bought out of Administration is notoriously difficult and involves many highs and lows along the way. Bringing Foodpack back from the brink and turning it into a high quality operation has been a great result for our Investors and all stakeholders, not least the 150 colleagues who work in the business but also the wider community of St Helens that benefits from those jobs being secured.  

26th November 2018

Gary Barlow brings festive stardust to Daisy & Ollie Christmas special

VCT & EIS Investor Forum sponsor CHF Entertainment has announced that superstar singer-songwriter, Gary Barlow is spreading festive cheer this winter season, by joining Jason Manford and the voice cast of hit pre-school animation, ‘Daisy & Ollie’, for a special musical Christmas episode, set to air on Cartoonito in December 2018.

The Take That front man has been animated by the team at CHF Entertainment and will star as himself in the magical episode ‘What’s so great about Christmas anyway?’, singing a song written by Jason Manford and the team.

The Christmas special is brimming with music and fun, and follows ‘Daisy’s Daddy’ (voiced by Jason Manford), a musician and single father, as he is asked to write a Christmas single for the world famous pop star, Gary Barlow, who’ll be performing it at the town Christmas concert.

23rd November 2018

Sunamp raises £2.2m late seed funding from Equity Gap and Par Equity

The late seed round included further participation from Scottish Investment Bank, Equity Gap, PAR Equity and a number of new investors including Japanese energy utility Osaka Gas. This round completes the seed investment stage, positioning the company well to raise a ‘series A’ round early next year. The company plans to use the funds towards expansion of its international footprint and further scaling its operations.

22nd November 2018

The Robots are coming!

Experience and interact with the latest developments in robotics technology at this year's VCT & EIS Investor Forum on the 30th November in London.  At our 'Invested Investor EXPO' at the Forum we will be showcasing six companies, backed by specialists robotics investors Britbots, who are at the forefront of the UKs robotics sector.  

15th November 2018

Lambeth and Westminster invest in Resonance's Real Lettings Property Fund

The Real Lettings Property Fund² (RLPF²), managed by social impact investment company Resonance and homelessness charity St Mungo’s, has received further investments of £15m each from the London Boroughs of Lambeth and Westminster. The Fund purchases homes around the capital for people affected by homelessness, helping them move on with their lives and into independent living. 

The RLPF² is the second fund from Resonance that is building a residential property portfolio in Greater London.  There is a third Fund, the National Homelessness Property Fund, which purchases homes elsewhere across the UK.  With this latest investment the Resonance homelessness funds under management have now grown to more than £190m providing almost 789 homes nationwide, housing thousands of people who are homeless or vulnerable to homelessness over the life of the Funds.

14th November 2018

How will the new EIS fund affect small businesses?

CEO of Private investment house IW Capital, Luke Davis, comments on the introduction of a new EIS fund that focuses on knowledge intensive SMEs.

8th November 2018

Foresight Williams Technology EIS Fund invests £1.5m Inovo Robotics

Foresight Group announces the £1.5m growth capital investment into Inovo Robotics Limited on behalf of the Foresight Williams Technology EIS Fund.

Inovo is developing a low-cost collaborative robot (“cobot”) that can integrate into existing workforce processes. Inovo’s modular design means the cobot can be easily adapted to varying customer requirements.

Henry Wood and Jonathan Cheung, previously senior engineers at Northrop Grumman, founded Inovo in 2016. Both founders possess deep technical expertise and experience of delivering complex engineering development projects and, between them, they have more than 30 years of combined experience in robotics and engineering.

5th November 2018

Invitation to Oxford Capital CIC Showcase 'Future of Mobility' on 15 November

Oxford Capital would like to extend an invitation to Angelnews investors to their Future of Mobility Investment Showcase on Thursday 15th November at the IET in London. It is free to join and you can register here: https://oxcp.com/showcase

The £4.75bn transport sector is undergoing one of the largest and most radical fluctuations in its history. The way people and goods travel from point A to B is changing, driven by converging technologies and social trends, resulting in the advent of self-driving cars and electric vehicles, which are smart and connected into our day to day lives.

 
Over the last year Oxford Capital have been at the forefront of investing into this sector and are now proud to showcase some of the companies leading the way in software and artificial intelligence used in.

Companies presenting will include Latent Logic, UltraSoC and Snap. 

26th October 2018

Catapult Network adds £215 million for regional investment

Comment by Mark Browridge, Director General of EISA

The Modern Industrial Strategy and its varying facets serve as a vital vein of progression for the nation’s network of self-start businesses. Pockets of innovation and entrepreneurial prowess in new-age sectors extend well beyond the capital, the traditional dominance of sectors such as Manufacturing in the Midlands, Financial Services in London and Technology and Media in London and the South East are by no means the complete picture.

25th October 2018

Foresight Williams invests £1.7m in FreeFlow Technologies

Foresight Group has announced a £1.7 million investment from the Foresight Williams Technology EIS Fund into FreeFlow Technologies Limited.

FreeFlow is developing a patented e-bike system technology that promises to be lightweight and compact, providing a higher power density than existing solutions. The Company’s novel design will improve the ride experience and bike aesthetics as it can be packaged within the bicycle frame. The Company has additionally developed an innovative mechanical transmission system for fixed wheel bikes that allows the rider to freewheel, whilst retaining the smooth ride quality of fixed wheel.

As part of the investment, Martin McCourt, former CEO of Dyson, will join as Chairman. Martin has extensive industry experience and is Chairman to a variety of companies from electrical heating to the hospitality sector. Neil Edwards, who was Group Operations Director at Dyson for 5 years will join as CTO and become a director.

15th October 2018

Investing in SEIS?  Some dos and don’ts

By Martin Sherwood, Enterprise Investment Partners

If you are considering investing in the Seed Enterprise Investment Scheme (SEIS) this year, here are a few tips to bear in mind. The tax benefits of SEIS are very attractive, but there are a few pitfalls you need to avoid.

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