Launched on January 28, 2014, Crowdcube has experienced significant demand for the product. The investment vehicle allows individuals to take a more passive approach towards investing in small companies and startups by allowing a professional entity to manage the investment decisions. Strathtay Ventures, a firm with over 15 years experience in investing in early stage businesses, is the manager of the fund. A unique benefit of the vehicle is the tax benefit of the EIS and SEIS tax relief opportunities. The minimum investment for participation is £2500.00. Strathtay’s stated objective is to deliver profitable exits by the end of a 5 year period. Returns over 7% will be split 80:20 with investors receiving the larger portion.
While this is the first go at offering a Fund for those with limited time to research their own investments, Crowdcube will immediately commence a second round following the close next week.
Additional information on the fund is available on the Crowdcube site.