Kuber Ventures, an alternative fund investment platform specialising in EIS and SEIS investments, has added two new SEIS funds to its offering, as well as new iterations of two existing funds.
The British Design Fund 2 and The British Robotics Sidecar Fund have joined the platform which has seen strong interest from advisors, intermediaries and private investors following the move into a genuine growth-orientated environment.
The British Design Fund 2 is focusing its investments in UK based early-stage companies that seek to lead the market in innovative product design and manufacturing. The fund aims to invest at least GBP100,000 in each investee company in return for up to 30 per cent equity with a target diversification of a minimum of five companies.
It is followed by The British Robotics Sidecar Fund targeting investments in UK based robotics and artificial intelligence start-ups, aiming to deliver superior returns to investors and enable pioneering British industry. It sees the potential of the global robotics market to exceed GBP200 billion by 2021 and will leverage that potential with between GBP25,000 and GBP150,000 investments in investee companies.
The additions are accompanied by new iterations of Guinness EIS and Worth Capital’s Start-Up Series Fund EIS/SEIS on the Kuber Platform. Non-sector specific, the Start-Up Series Fund invests in early stage consumer goods and services companies, and in certain B2B opportunities. Following a successful SEIS offering, the fund has now launched a follow-up hybrid SEIS/EIS offering.
Guinness EIS is a generalist fund looking at businesses with good visibility on future growth and expanding working capital requirements.
Kuber is also pleased to announce the appointment of a new non-executive Chairman David Moss. David Moss has over 25 years’ experience as a corporate finance lawyer but in recent years has been focused on helping companies to achieve and build upon success, wearing different hats as required from that of in-house counsel, to commercial director, to anywhere in between. He is joined by another new addition to the business development team, Claire Poole who as Business Development Associate will bolster the business development offering through account liaison and associated lead generation.
Dermot Campbell, CEO of Kuber Ventures, says: “Bringing these funds on board further strengthens our diversification mantra. Investors now have even more industries and opportunities from which to choose to build diversified portfolio as evidenced by the variety of these funds. We are delighted to be contributing to the growth of knowledge-intensive business in the UK through our platform and to have David Moss on board as we navigate the ‘new EIS’ landscape and wider economic changes taking place in the UK.”
John Mathers, Design Director of the British Design Fund, says: “We are delighted to be working with Kuber Ventures. Their professionalism sets them apart – their team is diligent, focused on the details and really robust. They set out our proposition very clearly and as a client you will be sure about why to invest, what the charges are and what the long-term benefits will be. We are looking forward to a long-term relationship”