Haatch’s fund targets the fastest-growing B2B SaaS (Software-as-a-Service) businesses which offer problem-solving solutions. Haatch targets 4-6 companies, focusing on those which use digital innovations to benefit established markets.
Haatch has been investing in these types of companies since 2013, when it was founded by Scott Weavers-Wright and Fred Soneya. They met at Kiddicare.com, an online baby care retailer co-founded by Scott, which later became one of the UK’s largest e-commerce businesses. Their shared experience led the two to start Haatch Angel in 2013, which in 2018 became Haatch Ventures.
The Haatch EIS fund allows investors to invest alongside a team of experienced entrepreneurs who have founded, grown and sold businesses achieving personal exits worth over $150 million within e-commerce, retail technology, and digital marketing.
However, there are some disadvantages to this method, which must be considered. Firstly, as investments will be in shares in start-up businesses, investors may lose the money they invested if the business fails. They are also unlikely to be protected if something goes wrong, as protection does not cover poor investment performance. While money is returned if successful, it is unlikely to happen quickly, and the value of investment can be reduced as the business issues more shares.
Throughout all of this, Haatch supports the portfolio companies through their entrepreneurial team to help reduce these disadvantages.
To find out more about how Haatch’s funds can help you, please click here
