Fuel Ventures Follow-On EIS Fund is live on Republic Europe. Fuel Ventures is an early-stage technology investor in the United Kingdom that is said to be operating SEIS, EIS, and VCT Funds. Based currently in London, Fuel Ventures operates in the sectors of Finance & Payments Digital (Mixed B2B/B2C).
SEIS/EIS/VCT can provide meaningful tax benefits for investors, including risk mitigation and reduced taxation of any gains.
The Follow-On EIS Fund has invested £77m across 57 investments and reports three exits to date, returning “£23m to investors from the £77m invested to date.”
The offering characteristics include no secondary Market; nominee investment with a minimum direct investment of £2,000.00 +.
Since launch, Fuel Ventures has reported that it has invested in more than 200 high-growth startups, with a sharp focus on so-called “scalable” software models, from SaaS and marketplaces to “next-gen” digital platforms.
Their portfolio reportedly includes some of the United Kingdom’s fastest-scaling companies, several of which have proceeded to secure additional funding from various global investors while delivering significant returns.
Fuel Ventures’ present investment focus is said to be centered primarily around doubling down on AI-native software as well as modern Fintech infrastructure, where they believe the “next wave” of generational businesses will be built and where their capital, network, and operational support “have the potential to drive exceptional outcomes.”
Fuel Ventures further noted that they have backed various technology businesses since inception, while prioritizing potentially high-growth software models like SaaS, marketplaces.
The Follow-On EIS Fund, initially introduced back in 2019, enables investors to double down on some of the portfolio’s seemingly high-potential initiatives – businesses they claim to know well and have worked cooperatively with in the past.s,
Exits of the fund include:
- ContentCal – acquired by Adobe for $110m in an all-cash deal, delivering a 6x multiple on investment.
- Capdesk – acquired by Carta for $88.4m.
- Arbolus – partial secondary exit to Kayne Anderson.
- OnBuy – currently valued at an 8.3x uplift (unrealised).
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