UK based Britbots, a investment platform dedicated to promoting robotics companies, and Sapphire Capital Partners, a specialist manager of tax-efficient funds, has shared that their second British Robotics Seed Fund has attracted substantial investor interest and has been well subscribed. The fund is expected to close soon.
The Robotics and Artificial Intelligence (AI) fund will be used to take stakes in high-potential ventures. Predominantly focused on SEIS-qualifying investment opportunities, there will be scope for the fund to make a number of investments under the EIS scheme when there are scale-up opportunities for existing portfolio companies.
Britbots says there has been rapid increase in the number of robotics-related start-ups and the fund looks to partner with entrepreneurs and academic robotics teams to deliver high-value businesses that can deliver superior returns for investors.
Britbots adds that opportunities for significant investment returns in this sector are becoming widespread, with more than 50 robotics and automation companies being acquired over the last year, for a total consideration of more than £20 billion.
The second fund will look to back promising entrepreneurs with global product opportunities. There will be a particular focus on machine-learning and enabling technologies for autonomous robotics. Britbots said that it meets with hundreds of businesses each year and has already earmarked a number of exciting businesses as potential investments for the fund.
“I’m delighted in the level of interest in our second robotics fund. It is the best way for an investor to get access to mixed basket of shares in the exciting robotics and AI growth companies that are shaping our economy for the decades ahead,” said Dominic Keen, founder of Britbots.
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