Open Offers

A selection of Tax Efficient Opportunities open for investment. Delve in deeper and read Hardman research reports and take a few minutes to watch our videos to get a better insight on the people, the funds and their difference

Strategy

Strategy
  • Asset Backed
  • Debt
  • Growth
  • Income
  • Seed
  • Venture

Structure

Structure
  • Fund
  • Single
  • Platform

Type

Type
  • EIS
  • IHT
  • SEIS

Manager

Manager
  • acceleris
  • ascension ventures
  • albion capital
  • amadeus capital
  • amati global
  • amberside capital
  • amersham investments
  • amio wealth
  • aratus capital
  • arie capital

Sector

Sector
  • Biotechnology
  • BIR
  • Energy, Generalist
  • Healthcare and Services
  • Impact, Media
  • Life Sciences
  • Platform
  • Sports, Entertainment & Education
  • Technology
  • Technology (Hardware & Equipment)

Min. investment

Min. investment

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Amount to be Raised: N/A
Minimum Investment: £5,000
Open Offers

GrowthInvest - The Tax Efficient Platform for Advisers

GrowthInvest simplifies research, investment and reporting on alternative and tax-efficient assets. Through our smart technology platform, we serve wealth managers, financial advisers, and their clients. Our core service offers:
We have placed the adviser and their clients at the heart of everything we do. Contact us to discuss your specific requirements and for a demonstration of the future of alternative and tax efficient investing.
Amount to be Raised: N/A

Minimum Investment:
£25,000

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Mercia EIS fund

Mercia’s EIS Funds have an investment-led venture capital strategy, investing nationally with a focus on the underserved regions; specialising in the identification, creation, funding and scaling of innovative technology businesses with high growth potential, creating a strong investment proposition.

Mercia has an Investment Team of industry specialists with venture capital expertise, working extensively with portfolio companies to scale each business with the aim of ultimately delivering shareholder returns.

Mercia can fund companies with different pools of capital, initially via its own EIS Funds or other third- party funds, and then selectively using Mercia’s proprietary capital. Mercia is therefore able to provide a ‘Complete Capital Solution’ for entrepreneurs and small companies, starting from seed rounds of £100,000, larger rounds of up to £2.0million, and building to funding rounds of £10.0million.

Highlights

Sustained Deal Flow – the consistency in both value and volume of Mercia’s deal flow is hugely supported by deep relationships and networks in each region.

Diversified Portfolio – consisting of approximately 15 EIS qualifying technology companies.

Advance Assurance – will be sought from the HMRC for each investment.

Proactive, specialist asset manager providing capital to regional SMEs (96% invested outside of London).

Eight offices across the UK with 90 investment staff and 19 university partnerships.

The Mercia Group has a substantial track record of delivering realisations from early-stage technology companies.

This EIS fund is managed by a team that has seeded unicorns, and delivered some very high multiple returns for both EIS investors (Clear Review 8x Oct 2020, Native Antigen Company 8.6x July 2020) and Mercia’s other venture capital funds (Allinea 26x Dec 2016, BluePrism 104x July 2019).
Amount to be Raised: £5m

Minimum Investment:
£15,000

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Oxford Technology Combined SEIS and EIS Fund - “The Start-up Fund”

Oxford Technology invests in high-risk, high-reward technology start-ups, in general within an hour’s drive of Oxford, and has been doing this since 1983. The latest fund, OT(S)EIS made its first investment in late 2012. By 31st September 2021, OT(S)EIS had completed 172 investments in 48 companies.

Things continue to go well, and over Q3 2021, the tax free gain on the portfolio increased by 15% since Q2, from £12.78m to £14.72m.

The figures for the fund as a whole since its inception are as follows:

Gross amount invested by OT(S)EIS: £ 9.30m
Cash back to investors via tax reliefs: £ 3.46m
Net cost of these investments after tax reliefs: £ 5.84m
Cash back from exits: £ 0.24m*
Fair value of remaining portfolio: £ 20.56m
Total value: £ 24.26m
Tax free gain (on paper only so far): £ 14.72m
After tax losses on
the four failures: £ 0.14m


*OT(S)EIS investors who made an SEIS investment in Animal Dynamics, an Oxford University spin- out, at 14p per share (7p after SEIS tax relief) in June 2015, had the opportunity to exit in March 2019 at 97p per share (so 14x the after tax share price). About 50% of the shareholders opted to sell with 50% opting to remain – the company is doing very well.

We remain open for investment at any time. We average about one or two new investments per quarter, and investors in the fund receive their pro-rata share of these. The latest quarterly report, with a page of information on each investment is downloadable from www.oxfordtechnology.com.

At 10am on the first Thursday of each month, Oxford Technology holds a Zoom meeting at which one or more of its existing investee companies which are seeking expansion capital present, enabling investors to make direct EIS investments. Sign up to attend via www.oxfordtechnology.com

Amount to be Raised: £10m

Minimum Investment: £25,000

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The o2h human health EIS knowledge intensive fund

o2h ventures launched the o2h human health EIS knowledge intensive fund as the first HMRC approved knowledge intensive fund.

The investment focus of the HMRC approved knowledge intensive fund will be therapeutic drug opportunities or technologies that enable drug discovery with an emphasis on Artificial Intelligence (AI). The geographic scope shall be UK wide, following on from the success of the ‘o2h human health EIS Fund.

Knowledge intensive investing offers investors an opportunity to take advantage of the predictability of the tax year, from which they are able to claim relief. To date, investors in EIS funds claim relief when the funds are deployed into a business. However, in the new HMRC approved knowledge intensive funds, relief is dated when the investment into the fund is made (with carry back options depending on individual circumstances).

The biotech sector is one of the leading sectors in the UK economy. The large pharma companies now rely on the small innovative biotechs for new ideas in disease areas such as cancer, genomics, anti-ageing and neurosciences amongst others which has led to higher potential exit valuations. The fund will widen the community of investors that will help expand early stage research in the UK.

The o2h team are leaders in the biotech community and have been actively involved as investors, holding various board/industry positions as well as being engaged in grassroots scientific activity for over 20 years. o2h operate from their proprietary 2.7 acre o2h SciTech Park where they are developing a unique model for incubating small life science companies.

Key Highlights

The first HMRC approved Knowledge intensive fund
Amount to be Raised: N/A
Minimum Investment: £10,000 advised £50,000 non-advised
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Blackfinch Ventures EIS Portfolios

EIS Provider

The Blackfinch Ventures EIS Portfolios are our open offering as a provider of Enterprise Investment Scheme (EIS) services. We have a strong track record in EIS, having previously raised funding across sectors. We’re passionate about supporting new firms as they grow.

Tech Focus

We invest in forward-thinking new technology companies. Firms operate across sectors, with offerings based on ground-breaking new concepts, using highly specialised technology. With the potential to change the way we live and work, they’re set to make an impact in global markets.

Return Targets

We target higher returns of 3-5x on investment, focused on successful outcomes for clients and companies. We identify firms early in their life and invest before they take off. Risk management is key to our strategy.

Tax Benefits

Capital at risk.
Amount to be Raised: £5m

Minimum Investment:
£10,000

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Jenson EIS Fund

The Jenson EIS Fund has a mandate to focus on long-term capital growth and enables private investors to invest in a range of committed and ambitious entrepreneurs and their early stage growing companies. The Jenson EIS Fund predominantly facilitates syndicated follow-on funding to its existing portfolio, external opportunities are also considered allowing us to benchmark against our existing opportunities. Investing in our portfolio allows us to support management teams that we have already worked along side. All companies will be small unquoted UK companies that qualify under the EIS tax rules. The Fund is a generalist fund, thereby the sector focus is agnostic, and the type of businesses and opportunities can be anything that is EIS compliant (typically small early stage companies in non-capital intensive sectors).

Highlights

Amount to be Raised: £3m

Minimum Investment:
£10,000

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Jenson SEIS Fund

Pioneer of SEIS investments, Jenson have been investing in early stage companies since 2012 with 108 investments. The Jenson SEIS Fund aims to target new innovative companies which are developing disruptive technologies with established plans and management teams, demonstrated growth potential with strong commercial opportunities with a planned exit strategy. The Fund is a generalist fund, thereby the sector focus is agnostic and the type of businesses and opportunities can be anything that is SEIS compliant (typically small early stage companies in non-capital intensive sectors). Jenson has a strong pipeline of investment opportunities.

Highlights

Amount to be Raised:
N/A

Minimum Investment:
£25,000

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Oxford Capital Growth EIS

Established in 1999, Oxford Capital is an alternative investment manager passionate about investing in early stage technology companies. For over 20 years, we have offered private investors access to many high-impact technology companies in sectors which the UK is considered a world leader. We partner with portfolio companies and founders to help grow their businesses and deliver meaningful impact in their fields.

The Oxford Capital Growth EIS is an evergreen fund that offers investors the opportunity to invest in a portfolio of shares in early stage technology companies that have the potential to grow rapidly. The portfolio of 8-12 companies provides exposure to sectors such as artificial intelligence and machine learning, financial technologies and future of retail.

We aim to invest in companies that are:
We aim to fully invest each initial subscription within 12-18 months and exit most investments within 5-7 years. Capital at risk, unquoted companies are a high risk investment.

Unquoted companies are a high-risk investment. Capital is at risk. Investment is of a long term and illiquid nature. Any tax advantages depend on individual circumstances. Sole responsibility for suitability of the investment for an investor lies with the investment adviser.

Amount to be Raised:
N/A

Minimum Investment:
£25,000

Open Offers

Octopus Inheritance Tax Service

Since 2007, the Octopus Inheritance Tax Service has given investors the opportunity to invest in the shares of companies making a positive contribution to the UK’s economic growth. The companies are unquoted, which means their shares do not trade on any stock exchange. We select companies that we expect to qualify for Business Property Relief (BPR). This is a government approved relief from inheritance tax. Provided the investment has been held for at least two years at the time of death, it can be left to their beneficiaries free of inheritance tax.

Octopus Inheritance Tax Service is a Discretionary Fund Management Service. The service aims to deliver steady investment growth of 3% per year on average over the lifetime of an investment. The service is flexible enough to adapt to the investors needs, should their circumstances change in later life, subject to liquidity.

Key risks to keep in mind

BPR-qualifying investments are not suitable for everyone. Any recommendation should be based on a holistic review of your client’s financial situation, objectives and needs. We do not offer investment or tax advice. Issued by Octopus Investments Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 03942880. We record telephone calls. Issued: July 2020. CAM010110.

Amount to be Raised:
N/A

Minimum Investment:
£50,000

Open Offers

Octopus Ventures EIS Service

We created the Octopus Ventures EIS Service to give investors the opportunity to invest in 10-15 earlystage businesses with high growth potential (each targeting 10x growth), handpicked and managed by our expert investment teams.

The Octopus Ventures EIS Service could be suitable for those who want to target high growth from a long
term investment, want to diversify their portfolio and those who want to directly own shares in exciting earlystage companies, providing they are comfortable with the risks of early stage investing.

We believe that there are three stages to achieving capital growth from investments in early-stage
businesses, which our specialist in house investment teams are experienced at delivering:
1. Access to investment opportunities that have the potential to achieve high growth.
2. Effective nurturing and support of a business as it matures.
3. The ability to manage a successful exit.
For someone investing on their own, each of these stages would pose a challenge.

We are fortunate that through 20 years of investing in smaller companies, we have established a
reputation that means many talented entrepreneurs approach us with their ideas when they are looking
for a first investment into their business. We also have access to an exciting range of follow-on investment
opportunities in smaller companies seeking additional funding for further expansion.

Key risks to keep in mind
• The value of an EIS investment, and any income from it, can fall as well as rise. Investors may not get
back the full amount they invest.
• Tax treatment depends on individual circumstances and may change in the future.
• Tax reliefs depend on the portfolio companies maintaining their EIS-qualifying status.
• The share price of EIS companies may be volatile and they may be hard to sell.
EIS investments are not suitable for everyone. We do not offer investment or tax advice. Issued by Octopus
Investments Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office:
33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 03942880. We record telephone calls.
Issued: November 2020. CAM010471.

Amount to be Raised: £20m raised, uncapped

Minimum Investment:
£25,000

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Scale Up EIS Fund

This is Fuel Ventures flagship EIS fund that we have been investing from for 5 years. We invest into 10-15 technology companies each year, with a focus on businesses that are marketplaces, platform or software. We now have 40+ portfolio companies and after 5 years our first fund has an average multiple uplift of 5.6X, validated by external fundraising rounds.

We have an advisory committee with over 50+ year’s experience and exits totalling £3bn+. We put a Director on the Board of every company we invest in and take an active and hands on role in the management and development of each company, plus bring added extra value through our network of sector experts. As a team, we invest 5-10% in total in every fund alongside our investors, which is £2m – £3m into the current fund.

Amount to be Raised:
£10m – £25m per annum

Minimum Investment:
£20,000

Open Offers

Par EIS Fund

Recognised as “highly commended” in the 2020 EIS Association Awards for Best EIS Fund Manager. Across 22 realisations made to date, Par is demonstrating strong and consistent returns to investors.

Par Equity is a leading EIS fund manager, investing in innovative, high growth technology businesses across the north of the UK. We harness the expertise and contacts of our Par Investor Network and wider contacts to create a distinctive, operationally focused investment model that benefits both investors and entrepreneurs.

The Fund is focused on innovative companies. These are companies that are developing new technologies for sale or using advances in technology to disrupt existing markets. Par Equity has invested in companies operating in areas such as software, public health, e-commerce, social media, consumer electronics, photonics, technical textiles and medical devices. The unifying characteristic of Par Equity’s portfolio is therefore the importance of innovative technologies to the investment case underpinning each commitment of capital. In building the investment case, Par Equity draws on the experience, expertise and contacts of the Investment Team, but also the resources of individuals within the Par Investor Network. In this way, Par Equity can make informed decisions across a range of sectors, providing the potential for Investors, over a series of Subscriptions, to gain exposure to a diverse range of growth-oriented investments.

Strategy for the Fund:

Experience and track record of the Fund Manager: as at 31st December 2020

Still accepting investments for this tax year for Carry Back to 19/20. Investments required by the 19th March 2021.

Amount to be Raised: £10m+ this year

Minimum Investment:
£10,000

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Haatch Ventures EIS Fund

The Haatch Ventures EIS Fund is an award-winning Fund managed by successful entrepreneurs who have between them founded, scaled and sold businesses worth over $150 million.

The Fund aims to back four to six early stage companies per tranche that have highly scalable and disruptive models for growth through digital transformation. The Haatch team of hands-on value creators use their knowledge, experience and network to accelerate the growth of portfolio businesses via its ‘Smart Money’ approach, providing support in many areas, including go-to-market, digital development and marketing.

“The Fund has a target return of 10x which is significantly higher than any other SEIS or EIS Fund currently fundraising and listed on MICAP, and the track record of Haatch Angel somewhat supports the ambition of this target.” – MICAP.
Amount to be Raised: Uncapped

Minimum Investment:
£10,000

Open Offers

Nova Cofoundery SEIS & EIS Fund

Members of the Nova team have spent the last 10 years developing their cofoundery model which we believe addresses 5 of the most common mistakes made by startups.
The Fund is intended for those UK tax-paying individuals:

The minimum individual investment in The Fund is £10,000. At the Investment Manager’s discretion, smaller individual investments may be accepted, however, this is not guaranteed. The selection of investee companies and the subsequent allocation of investor’s subscriptions to the investee companies are made at the discretion of the Investment Manager with guidance from the Investment Advisor.

Highlights

An engaged hands-on approach from an experienced startup team
Still accepting investments for this tax year for Carry Back to 19/20. Investments required by the 19th March 2021.
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