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21st January 2020

Ingenious invests £2.3 million 3D Repo

Ingenious's Infrastructure Ventures EIS Service has led a £2.3m A-series investment round in 3D Repo, the pioneers of cloud-based design collaboration in Building Information Modelling (‘BIM’).  The investment represents another major vote of confidence and a financial boost for 3D Repo’s digital construction services business.

16th January 2020

Kuber to hold Manager Showcase for Advisers on 6 February

Kuber Ventures is holding its next Manager Showcase event for advisers on 6th February 2020 in London.

Now in its fourth year, the Kuber Manager Showcase is the ideal event for Advisers to start their due diligence by actually talking to the Managers.

This year’s Showcase will take place at a new venue the Farmers & Fletchers Livery Hall3 Cloth St, Barbican,London  EC1A 7LD.

15th January 2020

Downing exits hydro projects

Investment manager Downing LLP has sold Nightjar Sustainable Power Limited and Guillemot Green Energy Limited, the final exits by its EIS funds from a series of seven hydro investments based in Scotland.

15th January 2020

Rovco receives £3.9 million from Foresight

Foresight Group has invested £3.9 million investment into disruptive subsea surveying company Rovco Ltd.  The investment comprises £2.0 million from the Foresight Williams Technology EIS Fund and £1.9 million from Foresight VCTs. The investment was part of a larger round totalling £5 million which included funds from existing shareholders.

17th December 2019

Foresight invests £2 million in innovative tech company Novosound

Foresight has invested £2 million investment as part of a £3.3 million round into award-winning novel thin film ultrasound technology company Novosound Ltd. 

The Foresight Williams Technology EIS Fund led the round, investing £1.5 million alongside £500,000 from the Foresight Scottish Growth Fund, financed by the Scottish Growth Scheme through a combination of Scottish Government funds and the European Regional Development Fund (ERDF), and £1.3 million from existing shareholders including Par Equity, Kelvin Capital, Gabriel Investments, the University of the West of Scotland, and the Scottish Investment Bank, the investment arm of Scottish Enterprise.

6th December 2019

Seneca sells majority stake Rothband

 WSR Medical Solutions Limited (‘Rothband’), a specialist manufacturer and distributor of x-ray protective equipment for use in radiology environments, has been sold via a management buyout led by company Managing Director and existing shareholder, Paul Dixon.

 

5th December 2019

UK Creative Content EIS Fund makes first investment in WonderhoodStudios

The UK Creative Content EIS Fund, launched this summer by Calculus Capital and Stargrove Pictures in association with the British Film Institute (BFI), has made its first investment. 

The fund, along with other Calculus funds, is investing in Wonderhood Studios, the creative business founded by former Channel 4 CEO David Abraham and senior partners from the TV production and advertising sectors. 

Wonderhood is introducing a new hybrid model as a TV programme maker and advertising agency supported by a third capability which provides data-led insights into audience behaviour.

5th December 2019

James Ramsey joins Kuber as MD

Kuber the pioneering alternative fund investment platform offering access to EIS, SEIS & BR portfolios and funds has appointed James Ramsay as MD alongside Andrew Kartashov.

2nd December 2019

Praetura Ventures leads XR Games' £1.5m funding round

Independent games studio and virtual reality developer XR Games has secured a £1.5m funding round, led by Praetura Ventures alongside existing investor ACT Capital Partners.

Praetura Ventures, the firm committed to providing capital and support to early-stage businesses across the north of England, has invested from its EIS 2019 Fund and will now work closely with founder and CEO Bobby Thandi and his team as they execute the next stage of their growth strategy.

27th November 2019

Blackfinch invests in Movebubble

 

Blackfinch has invested in London-based company Movebubble, founded in 2014. Movebubble offers an app that lists properties available to rent, and helps manage the rental process, from booking viewings to moving into a property.

Movebubble has over 30,000 properties available to view in London and Manchester with real-time availability of all those listed.  The app uses data from its users to suggest suitable areas and properties, making it easier for people to find and secure a rental.

 

26th November 2019

Funds: Where have all the SEIS flowers gone?

James Murdoch looks into his own portfolio and ponders the falling number of SEIS opportortunites compared to EIS investments. 

20th November 2019

Use of EIS consistent among financial advisers despite rule changes

 

A survey of financial advisers1 on Enterprise Investment Schemes (EIS) has found that the level of use has been consistent despite concern that rule changes brought in by the government as part of its Patient Capital Review2 would stifle the market.  In the survey conducted by Great Point Investments, half (56%) of the advisers questioned said the number of clients using EIS has stayed the same in the last 12 months. Two thirds of advisers (67%) also said they expect to see the same level in the use of EIS by clients in the next 12 months. One in ten (10%) said they expect to see an increase and just over a fifth (23%) said they expect a fall.

 

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